Retirement Savings Contribution Credit

Retirement Savings Contribution Credit

To claim this credit in 2023, the taxpayer’s modified adjusted gross income (MAGI) must not be more than $36,500 for Single, Married Filing Separately, or Qualifying Surviving Spouse (increase of $2,500). MAGI must not be more than $54,750 (increase of $3,750) for Head of Household, and $73,000 (increase of $5,000) for Married Filing Jointly.