The Saver’s Tax Credit + CalSavers = A Reward for Saving for Retirement
Starting in July 2019, California began offering an estimated seven million workers in the
state the opportunity to contribute to an Individual Retirement Account (IRA) through
the CalSavers program. Participation in the CalSavers retirement plan, and other state
retirement savings plans, will also make these individuals eligible for a federal tax credit
called the Saver’s Credit.