Here’s one of those tax breaks that most of us hardly ever think about, but it is there for the taking for young people just starting out or those with incomes less than $30,000. It’s called the Saver’s Credit and it doesn’t require any long and drawn out tax forms to attach to your Form 1040. It is a tax credit of up to $200 that is deducted right off of your tax bill. All you have to do is contribute to an IRA or 401-k retirement account. Not only does it help you toward planning for your retirement, but it puts a little money in your pocket now. Maybe this information could be used to encourage your younger friends and working children to begin that savings’ habit now.