Core Financial Resources
Let the IRS Match Your 401(k)

Your boss might not be the only one willing to match your 401(k) contribution. The IRS might help, too.

The "Retirement Savings Contributions Credit" can provide a creditbusinesswoman of up to $2,000 for joint filers for contributions to 401(k) plans or IRAs. The credit runs at 10% to 50% of the contribution, depending on income, and its available for the following adjusted gross income ranges:

• Single, married filing separately, or qualifying widow(er), with income up to $27,750
• Head of Household, with income up to $41,625
• Married Filing Jointly, with income up to $55,500

You claim the credit on Form 8880. Learn more at the IRS web site.

Come back every day though April 15 for a new 2010 Filing Season Tip!