Saturday, February 14, 2015

Government Incentives for Low Income Retirement Contributions

Did you know that low income earners have an incentive to contribute to a retirement account?  That is right, the government will give qualified people a credit up to $50 for every $100 deposited in their personal IRA.

See Form 8880.

Other tax links include:

1040 Insructions - Form 1040

1040A Instructions - Form 1040 A

1040 EZ Instructions - Form 1040 EZ

540 Booklet - Form 540 Instructions - Form 540

Also, for those interested in Small Business expenses, see www.irs.gov for Topic 509, Business Use of Home.

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