A taxpayer can only receive a saver's credit if she contributes to a qualified retirement account.

Question

Quizplus · Accepted Answer

The Saver's Credit, also known as the Retirement Savings Contributions Credit, is a tax credit designed to help low to moderate-income individuals save for retirement. To be eligible for the credit, the taxpayer must contribute to a qualified retirement account, such as an IRA, 401(k), or 403(b). Therefore, the statement is true.

A Taxpayer Can Only Receive a Saver's Credit If She