Saver's Credit 2027 Income Phaseout Calculator
Estimate your 2027 Retirement Savings Contributions Credit (Saver's Credit) using projected IRS Rev. Proc. income brackets.
What Is the Saver's Credit for 2027?
The Saver's Credit (Retirement Savings Contributions Credit, Form 8880) gives low- and moderate-income taxpayers a nonrefundable credit of 10%, 20%, or 50% on up to $2,000 of retirement contributions per person ($4,000 MFJ). Max credit is $1,000 single / $2,000 MFJ. For 2027, IRS Rev. Proc. 2024-40 projects inflation-adjusted income brackets. Source: IRC §25B. Last updated: May 2026.
2027 Projected Income Brackets
MFJ: 50% credit if AGI ≤ ~$48,500, 20% if ≤ ~$53,000, 10% if ≤ ~$81,500, then phases to zero. Single/MFS: 50% if AGI ≤ ~$24,250, 20% if ≤ ~$26,500, 10% if ≤ ~$40,750. HoH: midpoints between single and MFJ. These are projected — final IRS numbers publish in October 2026.
Which Contributions Qualify?
Traditional and Roth IRA, 401(k), 403(b), governmental 457, SARSEP, SIMPLE IRA, Federal TSP, and ABLE accounts (for designated beneficiaries). Excluded: rollover contributions, employer matches, and distributions taken in the testing period (current year + prior 2 years) reduce qualifying contributions.
Saver's Match (Replacement Coming 2027)
Important: under SECURE 2.0, the Saver's Credit is being REPLACED by the Saver's Match in 2027 — a federal matching contribution deposited directly into your retirement account, not a tax credit. Treasury implementation still pending as of 2026. Until effective, the traditional credit applies. Check IRS guidance for your specific 2027 filing year.
Frequently Asked Questions
What are the 2027 Saver's Credit income limits?
Projected for 2027: MFJ 50% credit \u2264 $48,500 AGI, 20% \u2264 $53,000, 10% \u2264 $81,500. Single/MFS: 50% \u2264 $24,250, 20% \u2264 $26,500, 10% \u2264 $40,750. HoH falls between. Above the 10% bracket, you get zero credit. Final IRS figures publish Oct 2026.
Is the Saver's Credit refundable in 2027?
No \u2014 it's a nonrefundable credit, meaning it can only reduce your tax to zero, not generate a refund. Many low-income filers who would benefit can't use it because they already owe little or no tax. SECURE 2.0 is replacing it with the refundable Saver's Match starting 2027.
What is the Saver's Match coming in 2027?
Under SECURE 2.0 \u00a7103, starting in tax year 2027 the Saver's Credit is replaced by a Saver's Match \u2014 a 50% federal matching contribution (up to $2,000 per person) deposited directly into your IRA or retirement account. It's refundable in effect because it's free government money to your retirement account.
Can both spouses claim the Saver's Credit?
Yes. Each spouse computes credit on their own contributions up to $2,000. Combined max MFJ = $2,000 credit. Use the joint AGI for the rate determination \u2014 but apply the rate to each spouse's contributions separately, then add.
Do my retirement plan distributions reduce my Saver's Credit?
Yes. The testing period = current tax year plus the 2 prior years plus through tax-filing due date. Any taxable distribution from a retirement plan during that period reduces your qualifying contributions dollar-for-dollar. Workplace plan loans don't count as distributions.
Can I claim both the Saver's Credit and Traditional IRA deduction?
Yes. They're independent. A $2,000 Traditional IRA contribution gives you a $2,000 above-the-line deduction (if you qualify) AND counts toward the Saver's Credit base. Roth IRA contributions get no deduction but still count for the Saver's Credit.