The Saver's Tax Credit is available to UT System employees who:
- Make Tax-deferred contributions to an employer-sponsored retirement plan;
- Are 18 years or older;
- Are not full-time students;*
- Are not claimed as a dependant on another person's tax return; and
- Meet the income limits described below.
*See the instructions for Form 8880, Credit for Qualified Retirement Savings Contributions, for the applicable definition of a full-time student.
The amount of the credit is 50%, 20%, or 10% of your retirement plan contributions up to $2,000 ($4,000 if married filing jointly). The maximum credit $1,000 ($2,000 if married filing jointly). Use the chart below to calculate your credit.
Example: Jill, who works at a retail store, is married and earned $41,000 in 2024. Jill’s spouse was unemployed in 2024 and didn’t have any earnings. Jill contributed $2,000 to her UTSaver TSA for 2024. After deducting her TSA contribution, the adjusted gross income shown on her joint return is $39,000. Jill may claim a 50% credit of $1,000 for her $2,000 TSA contribution on her 2024 tax return.
Income Limits for Saver's Tax Credit Eligibility
| 2025 SAVERS CREDIT | |||
| Adjusted Gross Income (AGI) Range by Filing Status | |||
| Credit Percentage | Married, Filing a Joint Return | Head of Household | All Other Filers |
| 50% of your contribution | $47,500 or less | $35,625 or less | $23,750 or less |
| 20% of your contribution | $47,501 to $51,000 | $35,626 to $38,250 | $23,751 to $25,500 |
| 10% of your contribution | $51,001 to $79,000 | $38,251 to $59,250 | $25,501 to $39,500 |
| 0% of your contribution | more than $79,000 | more than $59,250 | more than $39,500 |
| 2024 SAVERS CREDIT | |||
| Adjusted Gross Income (AGI) Range by Filing Status | |||
| Credit Percentage | Married, Filing a Joint Return | Head of Household | All Other Filers |
| 50% of your contribution | $46,000 or less | $34,500 or less | $23,000 or less |
| 20% of your contribution | $46,001 to $50,000 | $34,501 to $37,500 | $23,001 to $25,000 |
| 10% of your contribution | $50,001 to $76,500 | $37,501 to $57,375 | $25,001 to $38,250 |
| 0% of your contribution | more than $76,500 | more than $57,375 | more than $38,250 |
