Author Bio
Charlene Rhinehart is a personal finance writer and former financial analyst. Her goal is to help more individuals build a stock portfolio that's bigger than their shoe collection. With a background in taxes and pageantry, Charlene is always ready to sprinkle a bit of glam and happiness into her work to help individuals achieve their goals.
Follow @CharRhinehart
The Saver's Credit, also known as the Retirement Savings Contribution Credit, is one of the most appetizing rewards for low- to middle-income taxpayers who are thinking about stashing money away in a Roth IRA.
If you qualify, this IRS perk allows you to claim a credit up to $1,000 (single filers) or $2,000 (married couples filing jointly). This is a valuable addition to your tax return, allowing you to reduce or completely eliminate your tax bill. It goes without saying that if you reduce your tax tab, you get to keep more money in your pockets.