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- Info
Saver's Bonus
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What Is the Saver's Bonus?
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The Saver’s Bonus is a policy proposal that would reward low- and moderate-income individuals and families who save at tax time. Every dollar deposited in a designated savings product would be matched with an additional dollar from the federal government, up to a $500 annual maximum.
Provided by the New America Foundation.
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The Saver's Bonus Act
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S. 3372, bill sponsored by Sen. Robert Menendez to promote savings by providing a match for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this match and open a bank account when they file their Federal income tax returns.
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