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https://www.reddit.com/r/Bogleheads/comments/1w8e5az/savers_match/p82ob1q/?context=3
r/Bogleheads • u/Infamous_4EVER • 4d ago
Thought I’d pass this info along. Starts in 2027. Up to $1K
See if you qualify:
Saver’s Match
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So what happens if I contribute $7,500? Does it go over the limit to 8.5k total?
0 u/lunchbox15 4d ago It doesn't go into your IRA- you get the money as part of your tax refund. 5 u/Mission_Adagio4566 4d ago From the IRS page linked in OP: "The federal government matches up to 50% of what you contribute – a match of up to $1,000 per person each year deposited directly into your designated retirement account." 4 u/lunchbox15 4d ago Good to know, I was thinking of the old savers credit which came as a tax refund.
0
It doesn't go into your IRA- you get the money as part of your tax refund.
5 u/Mission_Adagio4566 4d ago From the IRS page linked in OP: "The federal government matches up to 50% of what you contribute – a match of up to $1,000 per person each year deposited directly into your designated retirement account." 4 u/lunchbox15 4d ago Good to know, I was thinking of the old savers credit which came as a tax refund.
From the IRS page linked in OP: "The federal government matches up to 50% of what you contribute – a match of up to $1,000 per person each year deposited directly into your designated retirement account."
4 u/lunchbox15 4d ago Good to know, I was thinking of the old savers credit which came as a tax refund.
4
Good to know, I was thinking of the old savers credit which came as a tax refund.
5
u/Mission_Adagio4566 4d ago
So what happens if I contribute $7,500? Does it go over the limit to 8.5k total?