Get paid to contribute to your retirement account with the Retirement Savings Contributions Credit.
Eligible filers can claim up to 50% of retirement contributions for a maximum credit of $1,000 and married couples filing together may receive $2,000. It’s a non-refundable credit so you must owe federal income taxes to benefit.
“For 2021, you may qualify for 50% with an adjusted gross income of $19,750 or less and couples filing jointly can make up to $39,500. The percentages drop to 20% and 10% as income rises and phases out entirely over $33,000 ($66,000 if you’re married filing together).”
“There’s still time to make deposits for 2021 by contributing to an existing individual retirement account by April 18, 2022, the tax filing deadline for most states.”
Details at: https://www.cnbc.com/2022/01/26/theres-still-time-for-some-retirement-savers-to-claim-a-tax-write-off.html
Source: Financial Planning for Women