What is the 2025 Saver's Credit?
The Retirement Savings Contributions Credit, also known as the Saver's Credit, or the Credit for Qualified Retirement Savings Contributions, can help low- and middle-income taxpayers saving for retirement. This credit is nonrefundable.
You can claim the Saver's Credit for your ABLE (Achieving a Better Life Experience) account contributions if you're the designated beneficiary.
Depending on your income level and filing status, you may claim a credit that’s a percentage (either 50%, 20% or 10%) of:
Contributions to a traditional or Roth IRA
Elective deferrals to a:
401(k)
403(b)
Governmental 453(b)
SARSEP
SIMPLE
Voluntary employee contributions to a qualified retirement plan including a federal Thrift Savings Plan, or a 403(b) plan
Contributions to a 501(c)(18)(D) plan
Contributions to an ABLE account if you’re the designated beneficiary
Rollover contributions don’t qualify. Eligible contributions may get reduced if there are recent distributions.
You qualify for the credit if you’re:
18 or older
Not a full-time student
Not claimed as a dependent on someone else’s return
In 2025 your adjusted gross income (AGI) also can’t be more than:
$79,000 if Married Filing Jointly
$59,250 if Head of Household (with qualifying person)
$39,500 if Single, Married Filing Separately, or Surviving Spouse with dependent child
We’ll calculate the credit amount and generate Form 8880 for you if you qualify.
