Tax credits available to retirement savers can be missed by both investors and financial advisors.
There are few times when the words “tax credits” and “retirement savings” co-exist, but there are two main tax credits that most eligible retirement savers just are not aware of.
The Retirement Savings Contributions Credit allows those saving for retirement to claim a percentage of their contributions to qualified retirement plans.
Catch-Up Contributions were introduced in 2001 and are available to most retirement savers.
For more information on tax credits available to retirement savers, check out our new article tomorrow.