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Tax Credit Consulting: Retirement Savers Contribution Lahaina HI

Americans doesn't do well in saving for retirement. Well, the government is offering the retirement savers contribution tax credit to change this for some of us. Keep on reading for details of this issue.

Hutchinson Paul M
(808) 244-7902
24 Market St
Lahaina, HI
 
Shue C Douglas
(808) 661-3231
425 Ilikahi St
Lahaina, HI
 
James & Associates Cpas Inc
(808) 667-9512
505 Front St Ste 222
Lahaina, HI
 
Cheatham Jon B Cpa Llc
(808) 249-2720
2200 Main St Ste 504
Wailuku, HI
 
Comte John M
(808) 244-8128
776 Analio St
Wailuku, HI
 
H & R Block
(808) 935-2799
910 Honoapiilani Hwy Ste 11
Lahaina, HI
 
Burstyn & Associates Business Consultants Inc
(808) 661-3961
991 Limahana Pl Ste H4
Lahaina, HI
 
Jmp Svc Inc
(808) 270-2710
811 Kolu St Ste 103
Wailuku, HI

Data Provided by:
Beck Robert Tax And Bookkeeping Service Inc
(808) 242-1553
2070 W Vineyard St
Wailuku, HI
 
H & R Block
(808) 877-4154
275 Kaahumanu Ave
Kahului, HI
 
Data Provided by:

Tax Credit Consulting: Retirement Savers Contribution

Retirement Savers Contribution Tax Credit

It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering the retirement savers contribution tax credit to change this for some of us.

Social security is going to be under siege as baby boomers hit retirements. Fortunately, many baby boomers have put away piles of cash in 401ks and IRAs. Regardless, most people fail to do all they can in this regard. In an attempt to motivate us taxpayers to save as much as we can for retirement, Uncle Sam is dangling tax credits before us like the proverbial carrot.

The tax credit in question is the Retirement Savings Contributions Credit. Qualify for it and you may be eligible to take a credit of $1,000 for singles and $2,000 if you're filing jointly. The credit is eligible for those that make contributions to 401ks and retirement vehicles. The amount of the credit is determined on a sliding scale based on how much you make and contribute.

You can claim the retirement savings tax credit:

1. Individual taxpayers with incomes of $25,000 or less.

2. Individual taxpayers that are head of households and make $37,500 or less.

3. Married couples filing jointly who make $50,000 or less cumulatively.

There are some very minor restrictions regarding who is eligible for the tax credit. First, you have to be older than 18. Second, you can't be a full time student. Finally, another dependent can't claim you as a depe...

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