Low to moderate income individuals still have a chance to take advantage of the savers credit for 2011. The savers credit is a great motivator for saving for retirement.<\/p>\n
Those who can claim the credit must meet the flowing criteria:<\/p>\n
\u2022 Married couples filing jointly with incomes up to $56,500 in 2011;
\n\u2022 Heads of households with incomes up to $42,375 in 2011; and
\n\u2022 Married individuals filing separately and singles with incomes up to $28,250 in 2011.<\/p>\n
The great benefit of the credit is that it allows individuals to balance off part of the first $2,000 that is contributed to a 401K or IRA.<\/p>\n
The April 17th<\/sup>, 2012 tax filing deadline is also the deadline for opening an IRA. Contributions to a 401k must be made before January 1st<\/sup> in order to qualify.<\/p>\n <\/p>\n Follow us on Twitter.: <\/span>http:\/\/twitter.com\/1stCapAdvise<\/span><\/a><\/strong><\/strong><\/p>\n \u00a0<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Low to moderate income individuals still have a chance to take advantage of the savers credit for 2011. The savers credit is a great motivator for saving for retirement. Those who can claim the credit must meet the flowing criteria: … Continue reading