Business Owner's Toolkit

For tax year 2011, if you make a contribution to a traditional or Roth IRA or to a qualified employer plan (like a 401(k)), you may be eligible to receive a tax credit of up to $1,000 for the year. To qualify, your adjusted gross income for the year must be less than $28,250 if you are single ($42,375 for head of household and $56,500 if married filing jointly).

Form 8880, Credit for Qualified Retirement Savings Contributions

The file is in Adobe portable document format (PDF), which requires the use of Adobe Acrobat Reader.

Adobe Acrobat Reader is available, without charge, at the Adobe website.

For more information, see Saving for Retirement.