The Saver’s Credit is a great deal and allows you to get a tax credit of up to 50% of your savings if you qualify. Using the Saver’s Credit you may be able to take the credit of up to $1,000 (up to $2,000 if filing jointly) if you make eligible contributions to a qualified IRA, 401(k) and certain other retirement plans. Here is a table showing what your credit would be depending on your filing status  and income.