Tax Year 2023 - Fact Sheet Download
El año fiscal 2023 - Hoja de datos Descargar
23rd Annual Retirement Survey Infographic
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April 26, 2022 The Saver’s Credit: A Tax Credit That Pays to Save for Retirement report provides an overview of the Saver’s Credit, a historical trend analysis, research findings from TCRS 22nd Annual Retirement Survey, and recommendations for public policy. Twenty years since its establishment, the Saver’s Credit has proven to be an important incentive for workers to save for retirement. However, many workers are inadequately saving and have a tenuous retirement outlook.
Policymakers have an opportunity to enhance and expand the Saver’s Credit, with ideas such as implementing an ongoing educational campaign to promote it, simplifying it, and making it refundable. Important Note: Subsequent to the publication of this report, the SECURE 2.0 Act of 2022 was enacted. Beginning in 2027, the new law reimagines and replaces the Saver's Credit with the Saver's Match, a matching contribution from the government for retirement savers meeting income eligibility requirements.
Press Release Less Than Half of U.S. Workers Are Aware of the IRS Tax Credit For Eligible Retirement Savers
Podcast Episode The Saver's Credit: A Tax Credit for Retirement Savings
Podcast Episode ABLE Savings Accounts for People With Disabilities
Podcast Episode 6 Ways SECURE 2.0 Boosts Retirement Security
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