Tag Archives: Retirement Savings Contributions Credit

Factoring News – January 2012

TAXES 2012: Things all SMEs Need to Know To make eligible contributions to an individual retirement account, or an employer-sponsored retirement plan, you may be eligible for a tax credit — but this will all depend on your income and age. There are basically six things the IRS wants you to know as follows: Limits to income – The Savers Credit, formally known as the Retirement Savings Contributions Credit, applies to individuals with a filing status and 2011 income of: Single, married filing separately, or … Continue reading

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