401kTax

2020 Retirement Savings Tax Credit

By January 14, 2021No Comments

There is a little known tax credit some taxpayers can receive for making contributions to a retirement account. This includes IRA’s, 401(k)’s and more.

This is in addition to the tax deduction you may already get for putting money into retirement accounts.

Not all savers are eligible. Click below for more information on the tax credit and eligibility. We have also included a link to the IRS form.

IRS explanation of the Retirement Savings Credit

IRS form 8880

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