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Tag: Tax

Secure 2.0  Provides A Limited Federal Match On Contributions Made By Lower-Income Retirement Savings

Posted on December 23, 2022December 23, 2022 by DT

There may soon be a new incentive for low- and middle-income folks to save for retirement. Under a provision in a legislative plan known as “Secure 2.0” — which is part of an omnibus appropriations package that passed the Senate on Thursday and awaiting a vote in the House — a retirement “saver’s match” would be introduced, thereby altering how a current tax credit operates.

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