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  2. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    Retirement savings contribution credit: a nonrefundable credit of up to 50% for up to $2000 of contributions to qualified retirement savings plans, such as IRAs (including the Roth, SEP and IRA), 401(k)/403(b)/457 plans and the Thrift Savings Plan; phased out starting (for the 2014 tax year) at incomes above $18,000 for single returns, $27,000 ...

  3. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    Tax Credit for case of one qualifying child. With one child and parent filing singly or as head of household, as of 2020: Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584.

  4. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/Form_1120

    Main article: Form 1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for ...

  5. SIMPLE IRA - Wikipedia

    en.wikipedia.org/wiki/SIMPLE_IRA

    A Savings Incentive Match Plan for Employees Individual Retirement Account, commonly known by the abbreviation "SIMPLE IRA", is a type of tax-deferred employer-provided retirement plan in the United States that allows employees to set aside money and invest it to grow for retirement.

  6. Pensions in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/United_Kingdom_pension...

    Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions. The state pension is based on years worked, with a 35-year work history yielding a pension of £179.60 per week.

  7. State Pension (United Kingdom) - Wikipedia

    en.wikipedia.org/wiki/State_Pension_(United_Kingdom)

    Under the Pensions Act 2014, the coalition government again accelerated the rise in the state pension age to 67 by 6 April 2028. [12] In May 2019, a challenge in the High Court failed to reverse decisions to accelerate the equalisation of the pension ages on the ground that not enough notice was given. [13]

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