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IRS Reminds Employers About Savers Tax Credit
Leonard, Street and Deinard [Guidance Overview] Dec. 19, 2012 "Those individuals who have remaining salary and bonuses for 2012 who have not made elective deferrals to their 401(k) or 403(b) plans may have an opportunity to do so with help from the federal government. The eligibility is dependent upon the taxpayer's adjusted gross income. For married couples filing jointly, the cap for 2012 is $57,000; married filing separately and singles can earn up to $28,750 in 2012 and be eligible for the credit." |
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