Tax Tip #10: Let the IRS Give You a Credit For Saving

Depending on your income, you might qualify for a tax credit of up to $1,000 for contributing to an IRA or other retirement plan.  Don’t overlook this “saver’s credit” as an opportunity to both cut your current tax bill and increase your retirement nest egg.   You have until April 15, 2013, to make a 2012 IRA contribution that could qualify for the credit.

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