You may be eligible to claim the Retirement Savings Contributions Credit, also known as the Saver’s Credit, if you made contributions to a qualified retirement account and meet all of the following criteria:
What are the eligibility requirements?
- You are age 18 or older at the end of the tax year
- You are not a full-time student (enrolled full-time for any part of five calendar months)
- You are not claimed as a dependent on another person’s tax return
- You made contributions to a qualified retirement account, such as:
- Traditional or Roth IRA
- 401(k), 403(b), 457(b), or federal Thrift Savings Plan
- SIMPLE IRA or SARSEP
- ABLE account (for designated beneficiaries)
What is the maximum credit?
- Up to $1,000 for individuals
- Up to $2,000 for married couples filing jointly
What are the 2025 AGI limits for claiming the Saver’s Credit?
You cannot claim the credit if your AGI exceeds:
- $39,500 – Single or Married Filing Separately
- $59,250 – Head of Household
- $79,000 – Married Filing Jointly
Breakdown of the percentage of credit based on the AGI is:
2025 AGI limits for the Saver's Credit
- Married filing jointly:
- 50% credit: Up to $47,500 AGI
- 20% credit: $47,501–$51,000 AGI
- 10% credit: $51,001–$79,000 AGI
- 0% credit: Over $79,000 AGI
- Head of household:
- 50% credit: Up to $35,625 AGI
- 20% credit: $35,626–$38,250 AGI
- 10% credit: $38,251–$59,250 AGI
- 0% credit: Over $59,250 AGI
- All other filers (single, married filing separately, qualifying widow(er)):
- 50% credit: Up to $23,750 AGI
- 20% credit: $23,751–$25,500 AGI
- 10% credit: $25,501–$39,500 AGI
- 0% credit: Over $39,500 AGI