IRC §25B · Form 8880

Saver's Credit

Free money for low/middle income savers. 50% of your IRA + 401(k) contribution back as a credit.

2024 §25B Picture
Credit cap per person
$1,000
Eligible contribution (≤$2K/$4K)
$0
Credit rate
0%
Your Saver's Credit
$0
AGI bracket
-
Next bracket up at
-
Non-refundable: cannot exceed your tax liability. File Form 8880. Distributions in prior 2 years reduce eligible contributions.
Have a preparer claim your Saver's Credit

2024 figures per Rev. Proc. 2023-34: MFJ 50% to $46,000 / 20% to $50,000 / 10% to $76,500. Single 50% to $23,000 / 20% to $25,000 / 10% to $38,250. HoH 50% to $34,500 / 20% to $37,500 / 10% to $57,375. Max credit $1,000 single / $2,000 MFJ per §25B(a). Call 689-331-5723 or email info@zerofusstaxes.com.