Saver's Credit Calculator

Step 1: Contribute to your 401(k), IRA, or other eligible retirement plan
Step 2: Verify your AGI is below the income threshold for your filing status
Step 3: File IRS Form 8880 with your tax return
Step 4: The credit reduces your tax bill dollar-for-dollar

Calculate your tax credit for retirement savings contributions

The Saver's Credit (Retirement Savings Contributions Credit) gives low-to-moderate income workers a tax credit worth 10%, 20%, or 50% of the first $2,000 contributed to a retirement account. 2026 income limits: $40,500 single, $60,750 HOH, $81,000 MFJ.