You can use IRS Form 8880 to determine whether you're eligible for the Saver's Credit, a tax credit designed to help lower-income taxpayers save for retirement. This credit allows you to deduct a percentage of your retirement contributions on your taxes.
When someone is granted Durable Power of Attorney, they are given authority over another person’s financial affairs if he or she is unable to handle them on their own either temporarily or permanently. Most people recommend that Durable Power of Attorney documents be written as “springing” pow...