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Saver’s Credit may help you save more for retirement

According to the IRS certain workers that are saving for retirement may be able to earn a special tax
credit — the saver’s credit. The saver’s credit, also known as the retirement savings contribution credit,
may help offset part of the first $2,000 workers voluntarily contribute to certain retirement plans and
programs. Qualifying retirement contributions to governmental 457 plans, like the SDRS Supplemental
Retirement Plan (SRP), may allow you to claim some part of the saver’s credit when you file your 2013
tax return, depending on your filing status and income. Read more…

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