Speaking of stupid people (looking at you MAGA)..
The Trump IRA plan he announce led yesterday with $1000 per year max matching taxpayer contributions, was written into law in 2022
The specific “Saver’s Match” language gives lower-income workers a 50% match on their own contributions to a retirement account, with a limit of $1,000 per year. The match begins to phase out for those whose adjusted gross incomes exceed $20,500 for single filers and $41,000 for married couples filing jointly.
Trump Takes Credit For Biden-Era $1,000 Match For Low-Income Retirement Plans
The Trump IRA plan he announce led yesterday with $1000 per year max matching taxpayer contributions, was written into law in 2022
The specific “Saver’s Match” language gives lower-income workers a 50% match on their own contributions to a retirement account, with a limit of $1,000 per year. The match begins to phase out for those whose adjusted gross incomes exceed $20,500 for single filers and $41,000 for married couples filing jointly.
