You may qualify for the Saver's Credit but, it is a non-refundable credit that reduces your tax due.
Since the credit is non-refundable, it will reduce the taxes you may owe, but you will not see it in your tax refund. The maximum contribution used to calculate the amount of the Saver's Credit is $2,000 per person (so $4,000 if filing jointly)
The Saver's Tax Credit rewards low and moderate income taxpayers who are working hard and need more help saving for retirement. If you qualify, it gives you a federal income tax credit on your federal income tax return – just for investing for retirement through your IRA , 403(b), 457(b) and/or 401 plan.
In 2019, the maximum adjusted gross income for Savers Credit eligibility is $64,000 for a married couple filing jointly, $48,000 for a head of household, and $32,000 for all other taxpayers. The maximum credit you can claim phases out as your income increases.
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