income tax / retirement / tax credit / taxes

Tax time is the time to act on retirement savings!

It’s time to feed your “Financial Freedom Fund.” The federal government (under previous administrations… not sure how long this great deal will last….) offers a tax credit to help workers boost their retirement accounts.
“The Retirement Savings Contribution Credit, aka the Saver’s Credit, is a tax credit that may be applied to the first $2,000 of voluntary contributions that an eligible worker makes to a 401(k), 403(b) or similar employer-sponsored retirement plan, or to an IRA or myRA. The maximum credit is $1,000 for single filers or individuals and $2,000 for married couples,” according to Steve Vernon at CBS Money Watch. Get the details at: http://www.cbsnews.com/news/dont-pass-up-free-retirement-money-from-uncle-sam/

Now is the time to plan for your financial security in later life!
Source: Financial Planning for Women