IRS Saver’s Credit

Once again, the IRS is promoting its Saver’s Credit so tax payers are optimizing the deductions for independent retirement contributions.

Taxpayers will have until April 17, 2012 to make these contributions in order to take advantage of the Saver’s Credit for the 2011 tax year. The IRS is also encouraging owners of retirement plans to set up payment plans throughout the year so that the maximum contributions are made for 2012. If you don’t all ready have a retirement plan, it is not too late to start one now. Get with your local Certified Public Accountants and make the necessary arrangements needed to utilize the extension on the Saver’s Credit.