Some retirement savers can still get a 'special tax credit,' IRS says — but most don't claim it

LTC Eugene Chu Thanks for the Heads Up!

LTC Eugene Chu ...Millions of low-earning Americans have little or no tax burden, and the saver’s credit isn’t refundable, meaning you can’t get the credit without owing on your taxes.

“If you don’t have much of a tax burden, or any tax liability at all, the value of the credit is extremely limited or potentially zero,” ...

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.