Saver's Credit Calculator

The Saver's Credit (officially the Retirement Savings Contributions Credit, Form 8880) is a non-refundable federal tax credit for low-to-moderate income taxpayers who contribute to a retirement account such as a 401(k), IRA, SIMPLE, 403(b), 457(b), or TSP. The credit is 10%, 20%, or 50% of up to $2,000 in contributions ($4,000 if married filing jointly), depending on your adjusted gross income and filing status.

To be eligible, you must be age 18 or older, not a full-time student, and not claimed as a dependent on someone else's return. Your AGI must also be below the income limits for your filing status — for 2025, that's $39,500 (single), $59,250 (head of household), or $79,000 (married filing jointly). The credit phases out entirely above these thresholds.

Eligible contributions include those made to a traditional or Roth IRA, 401(k), 403(b), 457(b), SIMPLE IRA, SARSEP, or Thrift Savings Plan (TSP). Voluntary after-tax contributions to a qualified plan also count. Rollover contributions do not qualify.

Distributions you received during the "testing period" reduce your eligible contributions dollar for dollar. The testing period covers the current tax year, the two preceding tax years, and the period after the current tax year but before the due date (including extensions) of your return. For example, if you contributed $2,000 but took a $500 distribution during the testing period, only $1,500 counts toward the credit.

Yes. When filing jointly, each spouse can claim the credit on up to $2,000 of their own eligible contributions, for a maximum combined credit of $2,000 ($1,000 per spouse at the 50% rate). Each spouse's distributions reduce only their own eligible contributions.

The maximum credit is $1,000 for single filers (50% of $2,000) or $2,000 for married filing jointly (50% of $2,000 per spouse). These maximums apply only at the lowest income levels — the 50% tier. At higher incomes, the credit rate drops to 20% or 10%, reducing the maximum accordingly.

Yes, starting with contributions made in tax year 2027 — SECURE 2.0 replaces this refund-based credit with the federal Saver's Match, a direct deposit into your retirement account instead of a line on your return. The 2025 and 2026 figures on this page are unaffected. See TrumpIRA.gov explained for how the new Saver's Match works and the federal website promoting it.