Retire Wealthier Master Tax Strategies Now Effortlessly
Leveraging Tax Credits and Deductions
Taking advantage of tax credits and deductions can further bolster your retirement savings. The Saver's Credit, for instance, offers a tax credit of up to $1,000 ($2,000 for married couples) for low- and moderate-income taxpayers who contribute to retirement accounts4. Additionally, itemizing deductions could potentially lower your taxable income, depending on your financial situation.