Take a credit for saving

Posted on Dec 31, 2013

Depending on your income, you might qualify for a tax credit of up to $1,000 for contributing to an IRA or other retirement plan. Don’t overlook this “saver’s credit” as an opportunity to both cut your 2013 tax bill and increase your retirement nest egg. You have until April 15, 2014, to make a 2013 IRA contribution that could qualify for the credit.

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