Saver's Credit
A tax credit for putting money into a retirement account like a 401(k) or IRA.
Apply on the official site ↗Goes to IRS.gov. Applying is free.
Who generally qualifies
Workers with low to moderate income who save in a retirement account.
Exact income limits and rules are set by Internal Revenue Service and can change. Check the official site for current details.
How to apply
- Contribute to a retirement account.
- Claim the credit with Form 8880.
What to have ready
- Retirement contribution records
Common questions
- Does it cost anything to apply?
- No. Applying through the official site is free. Be wary of anyone who charges a fee to apply for you.
- Do I have to pay it back?
- No. A tax break lowers what you owe. You don't pay it back.
- Who decides if I qualify?
- Internal Revenue Service makes the final decision. This page explains the program in general terms only.
- Where can I find current income limits and amounts?
- Income limits, benefit amounts and deadlines change, so check IRS.gov for the latest details.
Link checked October 22, 2026. BenefitSearch is not affiliated with Internal Revenue Service.