Tag: college savings
The federal tax code offers a nifty tax credit to low-income workers who save for retirement. If only it reached more people. The Saver’s Credit offers what appears on its face to be a strong incentive: the IRS will return up to 50 percent of the amount low-income workers and married couples put into a…
A degree from a premier college can vault a teenager from a low-income family to the height of economic success as an adult. To date, 15 colleges have signed on to work with Levine, who initially created the calculator for applicants to Wellesley College, where he is an economics professor. But disadvantaged students face a…
