Tag Archive: Tax Credit

What is the Saver's Credit?

Written by January 15, 2013

If you’re not sure what the “saver’s credit” is, you’re not alone. Members of the Senate Finance Committee believe many people who are eligible to claim the credit are unaware of its existence. Here’s what you need to know: *The saver’s credit, also called the “retirement savings contributions credit,” is a tax break designed to encourage you to make contributions...

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Credit for Hiring a Vet will Expire soon.

Written by December 7, 2012

The IRS reminds businesses that the special credit for hiring veterans will expire soon. Companies that hire unemployed military veterans may qualify for a tax credit of up to $5,600 ($9,600 for vets with service-related disabilities). The credit is available for vets hired before January 1, 2013. The amount of the credit depends on the length of unemployment before being...

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