Fewer than Four in 10 U.S. Workers Are Aware of a Tax Credit for Retirement Savers

Apr 15

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“Fewer than four in ten U.S. workers (38 percent) know about a tax credit that may help them save for retirement, according to survey findings from nonprofit Transamerica Center for Retirement Studies® (TCRS). Also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), the Saver's Credit, is available to eligible taxpayers who are saving for retirement.

"Most people face competing financial priorities, and saving for retirement can be challenging," said Catherine Collinson, president of TCRS. "By lowering their federal income tax, the Saver's Credit may help make it easier for eligible workers to save."“ Continue reading.

Source: PRNewswire

Fewer than Four in 10 U.S. Workers Are Aware of a Tax Credit for Retirement Savers

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