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The Saver's Credit could be simplified and expanded

By Hicbd
Wed Nov 14 2012 2:03 pm

The Saver’s Credit could provide a 50% match to households earning less than $65,000 who save up to $1,000 in a 529 College Savings Account, Coverdell, qualified Savings Bond and IDAs in addition to retirement accounts. In addition, the credit could be refundable, automatically deposited into a designated retirement savings account using IRS Form 8888, and contribution amounts could be indexed to inflation.

URL:
http://cfed.org/policy/policy_agenda/financial_assets_and_income/

URL Credit


Categories:
Poverty U.S. Taxes Asset Building

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