"...The Saver’s Credit is a very valuable tax credit that designed to encourage lower-income taxpayers to contribute to qualified retirement savings accounts. Because of the way that the credit is designed, many military families could be eligible for a substantial tax credit just by saving money for retirement. The value of this credit increases if you spend time in a qualified tax-exempt combat zone, decreasing your taxable income. Plus, because this is a credit, it takes money directly off of your tax bill..."
