Tag: Americans

The Tax Credit Over Half of Americans Miss Out on

When Americans file their taxes each year, there may be a tax credit they could be missing. The Savers Credit used to be known as the Retirement Savings Contributions Credit, and it gives low to middle-income taxpayers a tax break each year, as long as they qualify. Beyond the qualifying factors, the credit is non-refundable, meaning it can only reduce a person’s tax liability but cannot contribute to a refund.