2018 Savers Credit
Give Yourself Some Credit!
The Saver’s Credit could pay you back in retirement — and at tax time! If your Adjusted Gross Income (AGI) is $63,000 or less, you may qualify!
If you don’t think you can afford to save for retirement, think again. Contributing to your retirement plan account at work could reduce your federal income tax and you could also get back up to $2,000 when you file your federal tax return.
The Saver’s Credit is like a rebate: Depending on your income and tax filing status, it’s worth as much as 50% of every dollar you save for retirement (up to $4,000 for married taxpayers who each save at least $2,000 and file jointly; up to $2,000 for single filers).
Here’s how much it could mean to you, based on your adjusted gross income (AGI) for 2018:
|Married Filing Jointly||Head of Household||Single and Others*||Savers Credit|
|AGI up to $38,000||AGI up to $28,500||AGI up to $19,000||50% of your contribution|
|$38,001 - $41,000||$28,501 - $30,750||$19,001 - $20,500||20% of your contribution|
|$41,001 - $63,000||$30,751 - $47,250||$20,501 - $31,500||10% of your contribution|
*Married filing separately orqualifying widow(er)
So what are you waiting for?
Start Saving for your future - and earning your credit today!
Winning Ideas For Your Individual & Business Growth
At Lang Financial Group, we believe that life mandates a strong financial plan. It is our goal to help individuals, families and businesses develop customized plans that will provide financial security through retirement. In order to reach that goal, we have a put together a comprehensive set of services for creation, monitoring and revision.
Our independent unbiased approach will help us assess where you would like to go, so we can determine the best way to help you get there. Once your plans are designed and implemented we believe in an ongoing relationship to help you navigate your financial future. Providing you with the highest level of service is our primary commitment as we work together through the years.
In this era of specialization Lang Financial Group is a team of qualified professions who have experience in the following areas:
- Employer Sponsored Retirement Plans
- Financial Planning
- Investment Management
- Business Succession Planning
- Employee Benefit Solutions
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