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Saver's Credit helps workers save for retirement

As tax season approaches, low to middle-income workers should explore the Savers Credit, a little-known tax credit from the Internal Revenue Service that could make saving for retirement more affordable.

By Paula Aven Gladych | Updated on November 26, 2012

As tax season approaches, low to middle-income workers should explore the Saver’s Credit, a little-known tax credit from the Internal Revenue Service that could make saving for retirement more affordable, according to the Transamerica Center for Retirement Studies.

“The Saver’s Credit is particularly great because it offers many workers an added incentive to save for their future retirement, while potentially lowering their tax bill today,” said Catherine Collinson, president of the Transamerica Center for Retirement Studies.

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