If employees qualify for the Saver's Credit, they might be able to reduce their tax bill by up to $1,000 ($2,000 for a married couple filing jointly). Requirements include:
✔️Age 18 or older,
✔️Not claimed as a dependent on another person’s return, and
✔️Not a student.
✔️Have a maximum adjusted gross income that meets IRS requirements
Check Eligibility: Explore the IRS’s Interactive Tax Assistant tool for the Saver’s Credit.
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