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.
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.
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