Tag: Saver's Credit
Most benefits still go to top third, but expansion of Saver’s Credit improves the optics. A reporter asked how big the new retirement law (Secure 2.0) was. Despite having the estimates from the Joint Committee on Taxation in front of me, I had to give a convoluted response. If we ignore the proposal to enable employers to…
The brief’s key findings are: States are introducing initiatives to provide retirement plan coverage to private sector workers who lack it. These initiatives could be supplemented by the Saver’s Credit, a federal tax incentive for low- and moderate-income savers. The existing Saver’s Credit is limited and not refundable, but proposed legislation would extend the Credit…
