IRS Asking for Comments on New Saver's Match Contributions

SECURE Act 2.0 implements a new Saver's Match starting in 2027. The IRS is asking for comments on this new match program.

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SECURE Act 2.0 introduces a new Saver’s Match beginning in 2027. Under this provision, a farmer that contributes at least $2,000 to a qualified retirement account including an IRA can qualify for up to a $1,000 credit to be directly contributed to your retirement account or IRA.

This new Match will replace the current Saver’s credit which is a nonrefundable credit and for many taxpayers has no value since they owe no tax. A nonrefundable credit only has value if the taxpayer owes income tax.