What is an example of how the Retirement Savings Contribution Credit works?

Mary Washington is a single parent with two children.
She makes $20,000 a year working at AJ Box Company.

AJ Box has a 401(k) plan for its workers.

Because of the Retirement Savings Contribution Credit, Mary figures out a way to put $50 a month into the 401(k). (click here to find out one way she can do that)

At the end of the year, she will have $600 in her retirement account.

AND

She will pay $60 less in income tax, get back $140 more in Earned Income Credit, and get a Retirement Savings Contribution Credit of $275.
So Mary's $600 for retirement will cost her only $125.

Click here to find out how much Retirement Savings Contribution Credit you might be able to get.