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New tax credit may subsidize your TSA or IRA contributions!
The Economic Growth and Tax Relief Reconciliation Act of 2001 contained many provisions to cut taxes for people of all income levels. One of the most interesting but least-known provisions provides a tax credit of up to $1000 on the first $2000 of a persons retirement savings. The income limit is $30,000, but many ministers with higher incomes will fall into that category because of their housing allowances! This means that the government will literally pay up to 50% of your retirement contribution! To find out if you qualify, call or email us today! Equity Indexed Annuities Interested in participating in stock market gains with no downside risk? Let us show you how! Tax Sheltered Annuities Debt Reduction Programs Do you have credit card debt? Are you a pastor or an employee of a church or other nonprofit organization? Then you may be able to pay off your debts FASTER and build retirement savings at the same time. Let us show you how! |
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