YOUR MONEY Some retirement savers can still get a ‘special tax credit,’ IRS says — but most don’t claim it

YOUR MONEY Some retirement savers can still get a ‘special tax credit,’ IRS says — but most don’t claim it

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Some retirement savers can still snag an extra tax incentive for 2023. However, most eligible filers don’t claim it, according to the IRS.

The retirement savings contribution credit, or “saver’s credit,” can help low- to moderate-income filers offset part of the funds added to an individual retirement account, 401(k) plan or other workplace plan.

You can still make a 2023 contribution to an IRA before the April 15 filing deadline to “earn a special tax credit,” according to the IRS.

Read more at CNBC

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