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Plan Now to Get Full Benefit of Saver's Credit; Tax Break Helps Low- and Moderate-Income Workers Save for Retirement
Internal Revenue Service [IRS]
Nov. 13, 2007
Excerpt: The saver's credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and to 401(k) plans and similar workplace retirement programs. Formally known as the retirement savings contributions credit, the saver's credit is available in addition to any other tax savings that apply.
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