Tag: Savers Credit

Tax Form 8880, Credit for Qualified Retirement Savings Contributions

The new credit provides a real chance at enhancing the retirement savings of low and middle earners. The inclusion of the new Saver’s Credit in the Secure 2.0 Act provides some balance to a piece of legislation that previously had primarily provided extensive goodies to high earners in the form of delayed required minimum distributions, provisions for…

worker technician businessman and management miniature figure st

New pension bill totally neglects low-paid workers. Saving for retirement is a good thing and apparently one of the few issues that can garner bipartisan support in a fractured Congress.  Most recently, the House passed the “Securing a Strong Retirement Act of 2022” – affectionately known as SECURE 2.0 because it builds on SECURE legislation…