 TITLE: Do Retirement Accounts Affect Your Taxes? CONTENT: Tax Credit for Retirement Contributions\n---------------------------------------\nFor contributions made to an IRA or employer-sponsored retirement plan, you may qualify for a tax credit known as the Saver's Credit. You're eligible for the credit if you are:\n*   18 or older\n*   Not claimed as a dependent on someone else's tax return\n*   Not a full-time student\nThe credit amounts to 10%, 20% or 50% of your retirement contributions, depending on your adjusted gross income and your-tax filing status (like single or head of household). Among other retirement accounts, this credit applies to traditional IRAs, Roth IRAs and 401(k)s. The maximum contribution amount that may qualify for the Saver's Credit is $4,000. END