Public Comment Comment Letter to IRS Regarding Implementation of Saver's Match Contributions
Catherine Harvey, Mingli Zhong
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The Saver’s Match, a provision of the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), is designed to save in qualified retirement savings accounts through a match from the US Treasury Department, up to $1,000 for every $2,000 saved in a year. In response to a Request for Comments from the IRS and US Treasury Department, Urban research and policy experts provide supporting evidence and a set of principles to consider when making implementation decisions regarding the Saver’s Match. Their comments focus on implementation that maximizes claiming of the Saver’s Match by eligible Black, Latino, and low-income people who have been previously excluded or overlooked by the retirement savings system.

Research and Evidence Family and Financial Well-Being Research to Action Tax and Income Supports Equity and Community Impact Upward Mobility
Expertise Upward Mobility and Inequality Wealth and Financial Well-Being Families Taxes and the Economy Social Safety Net Aging and Retirement
Tags Retirement policy Family savings Refundable tax credits
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