IRS Shares First Look at Revised ‘Saver’s Credit’ Form

The IRS published a draft of the 2025 version of Form 8880, which enables lower-income workers to claim tax credits for retirement account contributions.

The 2025 maximum income levels on Form 1040 to qualify for the “Credit for Qualified Retirement Savings Contributions” are $39,500 for individuals, $59,250 for the head of a household and $79,000 for married couples filing jointly. The Saver’s Credit will be limited to $1,000 for individuals or $2,000 for married couples filing jointly.

The credit will not be available to people born after January 1, 2008, a claimed dependent or students.

The previous income limits were $38,250 for individuals, $57,375 for a head of household and $76,500 for married taxpayers filing jointly. The Saver’s Credit amounts remain unchanged since 2024.

The 2025 version of Form 8880 notes a provision of the SECURE 2.0 Act of 2022 that will, starting in 2027, replace the Saver’s Credit with the “Saver’s Match,” a federal government match of $0.50 per dollar contributed by a worker, up to a maximum value of $1,000.

The new Form 8880 also notes a permanent tax credit for Achieving a Better Life Experience accounts, which are saving vehicles on behalf of children and adults with disabilities. The tax credit for ABLE accounts was going to expire on January 1, 2026, but was made permanent through a provision of the One Big Beautiful Bill Act passed in July.

When the Saver’s Credit is replaced with the Saver’s Match—starting with 2027 taxes due in 2028—Form 8880 will only be used for ABLE accounts.