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Episode Six: The Little Understood Saver's Credit: A Conversation with David John, Senior Strategic Policy Advisor, AARP Public Policy Institute
The saver’s credit is a tax credit worth up to $1,000 ($2,000 if married filing jointly) for mid-and low-income taxpayers who contribute to a retirement account. By reducing tax liability, the credit offsets the cost of funding a retirement account and can boost savings potential – for those who know about it. EBRI CEO Lori Lucas sits down with David John, Senior Strategic Policy Advisor, AARP Public Policy Institute, to discuss this well-intentioned, but often overlooked, program.
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By Employee Benefit Research InstituteThe saver’s credit is a tax credit worth up to $1,000 ($2,000 if married filing jointly) for mid-and low-income taxpayers who contribute to a retirement account. By reducing tax liability, the credit offsets the cost of funding a retirement account and can boost savings potential – for those who know about it. EBRI CEO Lori Lucas sits down with David John, Senior Strategic Policy Advisor, AARP Public Policy Institute, to discuss this well-intentioned, but often overlooked, program.