What are the Retirement Savings Credit Requirements?

You may be eligible to claim the Retirement Savings Contributions Credit, also known as the Retirement Savings Credit, if all of the following apply: 

  • You are age 18 or over   
  • You are not a full time student
  • You are not claimed as a dependent on another person's return

Where do I enter my 8880 form into the program?

To enter your information into the program, go to:

  • Federal 
  • Deductions (Select my forms)
  • Credits
  • Credit for Qualified Retirement Savings Contributions

What else should I know about the Retirement Savings Contributions Credit?

The credit is equal to 50%, 20% or 10% of your retirement plan contributions. The amount is dependent on your Adjusted Gross Income. The maximum credit amount is $2,000. The program will automatically calculate your credit once you enter the required information.

2025 Saver's Credit

Credit Rate Married Filing Jointly Head of Household All Other Filers
50% of your contribution AGI not more than $47,500 AGI not more than $35,625 AGI not more than $23,750
20% of your contribution $47,501 - $51,000 $35,626-- $38,250 $23,751 - $25,500
10% of your contribution $51,001 - $79,000 $38,251 - $59,250 $25,501 - $39,500
0% of your contribution more than $79,000 more than $59,250 more than $39,500

2024 Saver's Credit

Credit Rate Married Filing Jointly Head of Household All Other Filers
50% of your contribution AGI not more than $46,000 AGI not more than $34,500 AGI not more than $23,000
20% of your contribution $46,001 - $50,000 $34,501-- $37,500 $23,001 - $25,000
10% of your contribution $50,001 - $76,500 $37,501 - $57,375 $25,001 - $38,250
0% of your contribution more than $76,500 more than $57,375 more than $38,250

2023 Saver's Credit

Credit Rate Married Filing Jointly Head of Household All Other Filers
50% of your contribution AGI not more than $43,500 AGI not more than $32,625 AGI not more than $21,750
20% of your contribution $43,501 - $47,500 $32,626 - $35,625 $21,751 - $23,750
10% of your contribution $47,501 - $73,000 $35,626 - $54,750 $23,751 - $36,500
0% of your contribution more than $73,000 more than $54,750 more than $36,500

2022 Saver's Credit

Credit Rate Married Filing Jointly Head of Household All Other Filers
50% of your contribution AGI not more than $41,000 AGI not more than $30,750 AGI not more than $20,500
20% of your contribution $41,001–$44,000 $30,751–$33,000 $20,501–$22,000
10% of your contribution $44,001–$68,000 $33,001–$51,000 $22,001–$34,000
0% of your contribution more than $68,000 more than $51,000 more than $34,000

2021 Saver's Credit   

Credit Rate Married Filing Jointly Head of Household All Other Filers
50% of your contribution AGI not more than $39,500 AGI not more than $29,625 AGI not more than $19,750
20% of your contribution $39,501 - $43,000 $29,626 - $32,250 $19,751 - $21,500
10% of your contribution $43,001 - $66,000 $32,251 - $49,500 $21,501 - $33,000
0% of your contribution more than $66,000 more than $49,500 more than $33,000

Additional Information

For more information, please see IRS.gov.

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