The federal government has devised a way to make saving for your future a little easier.
The Saver’s Credit is designed for lower and middle income individuals and families who want to contribute to a retirement plan. Within a designated income range, as an individual you can receive up to $1,000. As a jointly filing married couple you can receive up to $2,000. Workers have until April 2013 to contribute to their IRA in order to receive the credit. If your retirement plan is of the 401(k) variety, you can set up your contribution now through your employer and claim the credit next year.