IRA owners may be eligible for this nonrefundable tax credit, also known as the Retirement Savings Contributions Credit, for their Traditional or Roth IRA contributions.
To be eligible, the IRA owner must be age 18 or older, and cannot be a dependent or full-time student. The owner must also have adjusted gross income (AGI) within the limits provided below to be eligible for a percentage of the credit.
The maximum annual tax credit is $1,000, and if eligible, the credit reduces the owner's federal income tax owed dollar for dollar.
Printable job aid: Saver's Tax Credit Limits
Tax Year 2025 Saver's Tax Credit AGI Limits |
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| Credit Percentage | Married (Filing Jointly) | Single (Head of Household) | All Other Filing Statuses | |||
| 50% | $0 - $47,500 | $0 - $35,625 | $0 - $23,750 | |||
| 20% | $47,500 - $51,000 | $35,625 - $38,250 | $23,750 - $25,500 | |||
| 10% | $51,000 - $79,000 | $38,250 - $59,250 | $25,500 - $39,500 | |||
| 0% | Above $79,000 | Above $59,250 | Above $39,500 | |||
Tax Year 2024 Saver's Tax Credit AGI Limits |
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| Credit Percentage | Married (Filing Jointly) | Single (Head of Household) | All Other Filing Statuses | |||
| 50% | $0 - $46,000 | $0 - $34,500 | $0 - $23,000 | |||
| 20% | $46,000 - $50,000 | $34,500 - $37,500 | $23,000 - $25,000 | |||
| 10% | $50,000 - $76,500 | $37,500 - $57,375 | $25,000 - $38,250 | |||
| 0% | Above $76,500 | Above $57,375 | Above $38,250 | |||