Taxpayers who are funding a retirement savings vehicle have a couple of ways to benefit from those contributions. They can claim the deductions that are applicable. They can also take an additional credit called the Qualified Retirement Savings Contributions Credit (also known as The Saver’s Credit). It was designed and implemented for lower and middle-income Americans. It was created to […]
Post Tagged with: "federal income tax"
Ben Franklin once famously said that two things in life were certain: death and taxes. For some the former might be preferable when compared to the never-ending litany of rules, regulations, changes, updates, and general confusion that are part and parcel of the latter. No one enjoys tax season, but since its arrival is inevitable you may as well get […]