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Story summary
- Internal Revenue Service (IRS) Saver's Credit provides tax relief to low- and middle-income workers saving for retirement.
- The credit reduces tax bills by up to $1,000 for individuals or $2,000 for couples, based on contributions to approved retirement accounts.
- For the 2025 tax year, the income limit for joint filers is approximately $79,000.
- Many eligible individuals are unaware of the credit, which must be claimed on tax returns.
