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Share this article LOS ANGELES, Feb. 18, 2021 /PRNewswire/  Only 43 percent of U.S. workers are aware of a tax credit that may help them save for retirement, according to survey findings from nonprofit Transamerica Center for Retirement Studies ® (TCRS). Also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), the Saver s Credit, is available to eligible taxpayers who are saving for retirement. Saving for retirement can be difficult in the best of times, but even harder for many during the pandemic and challenging economy,  said Catherine Collinson, CEO and president of TCRS. The Saver s Credit may help make it easier for workers to save because it lowers their federal income tax.

Catherine collinsonKristin eliaRevenue serviceTransamerica instituteTransamerica life insurance companyTransamerica retirementTransamerica centerRetirement savings contributions creditInternal revenue serviceCan claimAdjusted gross incomeQualified retirement savingsQualified retirement savings contributionsRetirement studiesAnnual transamerica retirementHarris poll