Tag: tax break

white ceramic piggy bank on stack coins on white wood table

The Saver’s Credit gives a special tax break to low- and moderate-income taxpayers who are saving for retirement.  It was introduced in 2001 and scheduled to expire in 2006.  The Pension Protection Act of 2006, however, made the credit permanent and indexed the income thresholds.  The Saver’s Credit is in addition to other tax benefits…