The Retirement Savings

The Retirement Savings Contribution Credit

What is the Retirement Savings Contribution Credit?
This is a special tax credit from the government which is designed to give assistance for those who have a low to moderate source of income. It is a sad reality that most employees do not have sufficient means of saving for their retirement. In 2002, Congress has come up with a way to financially aide the people by alleviating at least a portion from their taxes.