RETIREMENT SAVINGS CREDIT (1 OF 2)
01.Core Concepts
• Taxpayers with MAGI below certain thresholds receive a credit for retirement savings. • Fully phased out at: $80,500 of MAGI for MFJ (2026) $60,375 of MAGI for HOH (2026) $40,250 for all others (2026) • MAGI includes Excluded foreign income and housing costs Income for residents of American Samoa and Puerto Rico