Surprise! Your Roth IRA Savings Could Grant You a Tax Credit

·4 min read
Surprise! Your Roth IRA Savings Could Grant You a Tax Credit

If you've been debating about contributing to your Roth IRA, this incentive may make your decision a bit easier: a Saver's Credit. Formally called the Retirement Savings Contributions Credit, this perk was designed to encourage more low- to middle-income taxpayers to stash cash away in qualified retirement accounts.