The Saver's Tax Credit is generally called the “Credit for Qualified Retirement Savings Contributions” on IRS forms. This non-refundable tax credit is available to qualifying lower- and middle-income earner for whom saving for retirement is a high priority.

Contributions to Traditional IRAs, whether deductible or non-deductible, are eligible contributions for the Retirement Savings Contribution Credit (also called Saver’s Credit) available to certain lower-income taxpayers. See Chapter 9.6 for more information on this non-refundable credit.