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Saver's Credit

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  • #1

    Saver's Credit

    Has anyone else ever heard of this?

    http://finance.yahoo.com/news/savers...191654754.html

    Apparently, if you are contributing towards your retirement in an IRA, 401K, or other employer-offered retirement account, and your 2011 AGI is below a certain threshold, you can receive a saver's credit on your 2011 taxes. This is only applicable for the first $2K you contribute, but apparently the credit ranges from 10 to 50%.

    While we don't have an IRA or 401K (yes, I know we should have one), and our AGI will probably be too high for us to qualify for this on our 2012 taxes, I thought this might be of some interest to you folks.
    Event coordinator, wife and therapist to a peds attending
    Tags: None
  • #2
    Cool!
    Married to a newly minted Pediatric Rad, momma to a sweet girl and a bunch of (mostly) cute boy monsters.



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    • #3
      I pray that the Government entices more savings with programs like this.
      In my dreams I run with the Kenyans.

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      • #4
        I'm going to have to look into this further because I am finally contributing to my IRA, which I had converted to a Roth. Since it is all after taxes anyway, I'm not sure it qualifies.

        Sent from my DROIDX using Tapatalk
        Kris

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