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Save more, pay less on your taxes

Start saving with myRA®, a starter retirement savings account from the U.S. Department of the Treasury, and you may be able to claim the Saver’s Tax Credit.

Tax Professionals: Check out our Tax Pro Toolkit

Do you need help enrolling?

We’ve extended our call center hours from January 28 to March 4. Representatives are available from 8 a.m. to 11 p.m. ET, Monday through Friday, and from 9 a.m. to 11 p.m. ET on Saturdays.

Play video about my R. A. could help you save more, pay less at tax time

Become a saver and claim the Saver’s Tax Credit

Saving with myRA is simple, safe, and affordable. It costs nothing to open an account, there are no minimum balance or contribution requirements*, and there is no risk of losing money on your investment. And when you save with myRA, a Roth IRA, you may also qualify for the Saver’s Tax Credit**, which can actually lower your tax bill or increase your refund next year.

*You may contribute up to $5,500 per year (or $6,500 per year for individuals 50 years of age or older at the end of the year). Annual and lifetime contribution limits and annual earned income limits apply, as do conditions for tax-free withdrawal of interest. Limits listed are for 2016 and may be adjusted annually for cost-of-living increases. ** Saver’s Tax Credit eligibility subject to income and eligibility requirements. See for more information.

25,000 more reasons to save

SaveYourRefund is a campaign providing incentives for Americans to save at tax time. Entrants have a chance to win one of 100 cash prizes and enter a photo contest to win the $25,000 grand prize. And it’s all to motivate Americans to save for the future. Enroll in myRA today and learn more about incentives like SaveYourRefund.

Save Your Refund

Saving your refund with myRA is easy

It’s easy to put some or all of your tax refund into your myRA account. When preparing your tax return, choose to directly deposit your refund and provide your myRA account number and routing number. Indicate “Savings” as the account type.

Make your savings grow

While a tax refund is a great way to add to your personal savings, consider setting up regular contributions from your paycheck or your checking or savings account. You can save up to $5,500 ($6,500 if you’re 50 or older) annually in all of your Roth and traditional IRA accounts combined, including myRA. Learn more.

Make tax time saving work for you

Tax time is a great time to save for your future, and myRA makes it easy.

Last updated 01/31/2017