Common use of Saver’s Credit for IRA Contributions Clause in Contracts

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 in 2020, or $66,000 in 2021. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 in 2020, $49,500 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 in 2020, or $33,000 in 2021. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $64,000 in 2019, or $65,000 in 2020, or $66,000 in 2021. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,000 in 2019, $48,750 in 2020, $49,500 in 2021, or married individuals filing separately and singles with an AGI less than $32,000 in 2019, or $32,500 in 2020, or $33,000 in 2021. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 68,000 in 20202022, or $66,000 73,000 in 20212023. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 51,000 in 20202022, $49,500 54,750 in 20212023, or married individuals filing separately and singles with an AGI less than $32,500 34,000 in 20202022, or $33,000 36,500 in 20212023. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-non- qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 66,000 in 20202021, or $66,000 68,000 in 20212022. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 in 2020, $49,500 in 2021, $51,000 in 2022, or married individuals filing separately and singles with an AGI less than $32,500 33,000 in 20202021, or $33,000 34,000 in 20212022. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 73,000 in 20202023, or $66,000 76,500 in 20212024. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 54,750 in 20202023, $49,500 57,375 in 20212024, or married individuals filing separately and singles with an AGI less than $32,500 36,500 in 20202023, or $33,000 38,250 in 20212024. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-non- qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 63,000 in 20202018, or $66,000 64,000 in 20212019. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 47,250 in 20202018, $49,500 48,000 in 20212019, or married individuals filing separately and singles with an AGI less than $32,500 31,500 in 20202018, or $33,000 32,000 in 20212019. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 66,000 in 20202021, or $66,000 68,000 in 20212022. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 49,500 in 20202021, $49,500 51,000 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 33,000 in 20202021, or $33,000 34,000 in 20212022. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing filed jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 61,000 in 20202015, or $66,000 61,500 in 20212016. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 45,750 in 20202015, $49,500 46,125 in 20212016, or married individuals filing separately and singles with an AGI less than $32,500 30,500 in 20202015, or $33,000 30,750 in 20212016. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 66,000 in 20202021, or $66,000 68,000 in 20212022. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 49,500 in 20202021, $49,500 51,000 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 33,000 in 20202021, or $33,000 34,000 in 20212022. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-non- qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 62,000 in 20202017, or $66,000 63,000 in 20212018. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 46,500 in 20202017, $49,500 47,250 in 20212018, or married individuals filing separately and singles with an AGI less than $32,500 31,000 in 20202017, or $33,000 31,500 in 20212018. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing filed jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 60,000 in 20202014, or $66,000 61,000 in 20212015. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 45,000 in 20202014, or $49,500 45,750 in 20212015, or married individuals filing separately and singles with an AGI less than $32,500 in 202030,000, or $33,000 30,500 in 20212015. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 in 2020, or $66,000 in 2021. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 48,750in 2020, $49,500 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 in 2020, or $33,000 in 2021. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing filed jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 61,500 in 20202016, or $66,000 62,000 in 20212017. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 46,125 in 20202016, $49,500 46,500 in 20212017, or married individuals filing separately and singles with an AGI less than $32,500 30,750 in 20202016, or $33,000 31,000 in 20212017. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

Saver’s Credit for IRA Contributions. A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 66,000 in 20202021, or $66,000 68,000 in 20212022. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 in 2020, $49,500 in 2021, $51,000 in 2022, or married individuals filing separately and singles with an AGI less than $32,500 33,000 in 20202021, or $33,000 34,000 in 20212022. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-non- qualified) will decrease the eligible contribution.