What Is the Saver’s Credit?
The Saver’s Credit (Retirement Savings Contributions Credit) is a US tax credit for low- and moderate-income taxpayers who contribute to retirement accounts such as IRAs, 401(k)s, and 403(b)s. The credit is a percentage of contributions — 50%, 20%, or 10% — depending on income and filing status.
Changes Ahead
Under the SECURE 2.0 Act, the Saver’s Credit is scheduled to be replaced by a Saver’s Match beginning in 2027, deposited directly into the saver’s retirement account.
Non-Refundable
The current credit can reduce tax owed to zero but does not create a refund on its own.
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Last updated: September 29, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.