New Government-Backed IRA Match Set for 2027 Under SECURE 2.0 Act
The Saver's Match program under the SECURE 2.0 Act will begin in 2027, offering a $1,000 federal match on up to $2,000 IRA contributions for eligible low- and middle-income individuals without employer-sponsored retirement plans. Income limits apply: single filers must have MAGIs below $20,500 (or between $20,500-$35,500) while married couples need joint incomes under $41,000 ($71,000 max). The program replaces the Saver's Credit and is designed to encourage retirement savings among lower-income workers.
