Under the program, eligible taxpayers can receive a federal match of up to 50% on the first $2,000 in qualified retirement savings contributions made to an employer-sponsored retirement plan or an individual retirement account, providing a maximum annual match of $1,000. Frank Bisignano“Millions of low- and moderate-income Americans will have the opportunity to strengthen their retirement savings through the Saver’s Match program,” IRS CEO Frank J. Bisignano said in a statement. “The Saver’s Match makes saving easier and more rewarding by providing a direct federal contribution to an eligible taxpayer’s retirement account.” Unlike the Saver’s Credit, which reduces what you owe in taxes, the Saver’s Match puts money directly into your retirement account. Although Roth IRA contributions qualify for the Saver’s Match, the matching funds must be deposited as pretax traditional retirement contributions.