Treasury and IRS to Propose Regulations for Saver's Match Program Benefiting Low-Income Taxpayers
The Department of the Treasury and the Internal Revenue Service (IRS) have announced their intent to issue proposed regulations for the federal Saver’s Match program, which is set to benefit millions of low- and moderate-income taxpayers starting in 2027. This initiative is part of the implementation of Executive Order 14403, aimed at increasing public awareness of Saver’s Match contributions and helping taxpayers participate in eligible retirement savings vehicles. The proposed regulations are intended to provide anticipated rules and request public comments for future regulations. The Saver’s Match will provide eligible taxpayers with a maximum 50% match on the first $2,000 of qualified retirement savings contributions made to an employer-sponsored retirement plan or IRA, up to $1,000 annually, and will be paid for eligible taxpayers starting in 2028, based on contributions made for the 2027 tax year. 
