Tag: tax credit
I just reviewed a manuscript where once again the authors proposed changing the tax incentive for retirement saving from a deduction to a credit. I used to push this idea myself, but now think it’s a diversion that could increase the revenue loss to the Treasury and would do little to increase saving. Let’s put…
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…
