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The amount of the credit is reduced by the amount of any distributions you have taken in the last three years. The credit is given to encourage savings. If you take money from your savings, then you are no longer entitled to receive the benefit of the Saver's Credit.
The amount of the credit is reduced by the amount of any distributions you have taken in the last three years. The credit is given to encourage savings. If you take money from your savings, then you are no longer entitled to receive the benefit of the Saver's Credit.
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