Saver’s Credit Benefits

November 25, 2014 at 12:24 pm Leave a comment

Screen Shot 2014-11-24 at 1.13.39 PMThe IRS posted a nice article, “Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement”, about the saver’s credit of up to $1,000 (or $2,000 if married) this month at http://www.irs.gov/uac/Newsroom/Plan-Now-to-Get-Full-Benefit-of-Saver’s-Credit-Tax-Credit-Helps-Low-and-Moderate-Income-Workers-Save-for-Retirement. The article provides a nice reminder that some plan participants may be eligible for this credit, and the article provides a brief recap of the restrictions. The release date reflects great timing on the IRS’s part. This is the time to take advantage of this great opportunity for participant 401(k) contributions before the final 2014 payroll.

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

@ChristineGurney

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