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IRS Issues Q&As for New Saver's Credit, With Sample Notice to Employees
Internal Revenue Service [IRS] 
[Official Guidance] Oct. 12, 2001 "In Announcement 2001-106 the IRS has described, in question and answer format, the new 'saver's credit,' an income tax credit that is available to eligible taxpayers who contribute to a retirement plan or IRA. The tax credit is for individuals with adjusted gross income that does not exceed $50,000, and is equal to a specified percentage of employee contributions made to an employer-sponsored retirement plan or of contributions to an IRA for tax years beginning after 2001." MORE >> |
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