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What is a Savers Credit? My husband and I have a combined income of about $100,000 as we both make around $50,000. Are we eligible for a Savers Credit?
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Tax Professional Answers
The savers credit is for people who contribute to a retirement plan, however, the income phase out is relatively low. The idea behind the credit is to get people in the lower income brackets an incentive to contribute to their retirement. Unfortunately you and your husband are way above the income level for this credit.Leave a Comment 265 weeks ago