The Retirement Investment Fund Act of 2018 (REIF) passed in 2018.
This is a federal law that allows people to contribute up to $250,000 to a retirement fund.
The tax credit is worth the same to all Americans regardless of their age, as long as they have income above $250 for each person in their household.
While it’s technically an investment, most people are just using the funds as an insurance policy or to save up for a down payment.
The law also includes an additional $500 credit for individuals who have saved money for retirement.
Here’s what it all means.
Retirement investing and investment tax credits The REIF law allows the following types of investment: investments that provide you with a return on your investments