Posted on Apr 2, 2024
Some retirement savers can still get a 'special tax credit,' IRS says — but most don't claim it
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“There's still time for some tax filers to qualify for a tax break known as the retirement saver's credit, or saver's credit, for 2023 taxes.“
Some retirement savers can still get a 'special tax credit,' IRS says — but most don't claim it
Posted from cnbc.com
Taxes
Retirement
Personal Finance
Posted 8 mo ago
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You know what kind of tax break I want?
A three-step tax calculation and payment
Step 1: Fill in Line 1 $____________ Total Income last month.
Step 2: Fill in Line 2 $____________ Total Tax owed last month (line 1 times 18%)
Step 3 Write the check and mail it in. Repeat next month.
Savings IRS salaries minus unemployment checks until they find productive work.
A three-step tax calculation and payment
Step 1: Fill in Line 1 $____________ Total Income last month.
Step 2: Fill in Line 2 $____________ Total Tax owed last month (line 1 times 18%)
Step 3 Write the check and mail it in. Repeat next month.
Savings IRS salaries minus unemployment checks until they find productive work.
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