The Saver's Credit is a tax credit up to $1,000 ($2,000 if married filing joint) for mid- and low-income taxpayers who contribute to a retirement account.  Contributions to the Xiggit IRA qualify as contributions for the Saver's Credit.


To be eligible for the saver's credit you must be at least 18 years old, not a full-time student, and not claimed as a dependent. Your adjusted gross income on your taxes can't be above:


Tax Filing Status
2021
2022
Married Filing Joint$66,000$68,000
Head of Household$49,500$51,000
Single and other filing statuses$33,000$34,000


Consult with a tax advisor to determine if you qualify and how much of a tax credit your will receive.