" What is Saver's Credit ? "

If you contribute to 401(k) or IRA for TY2015, you might be able to claim the Saver's Credit - Also known as Retirement Savings Contribution Credit.  This is in addition to the Pre-tax dollars put away in the Retirement plans.
List Saver's Credit overview:
1. Credit Limit - Up to $4000 for MFJ, or $2000 for Single.  The credit rate reduces and phases out as income exceeds threshold levels.
2.  Income Limits
    o  MFJ  with Income less than $61,000
    o  HH   with Income less than $45,750
    o S or MFS with Income under $30,500
3. Other Qualification Criteria
    o Age must be under 18 Yrs.
    o You can't be Full time Student in 2015
    o  No Taxpayer can claim you as dependant on their Tax Return.
4.  Contribution Date - Before April 18, 2016 for TY2015 Saver's Credit.

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