IRS to Send Notices to Saver's Match-Eligible Taxpayers

The IRS is expected to shortly begin sending notices to taxpayers who may be eligible for the new saver's match beginning with the 2027 tax year. The saver's match takes effect in 2027 and will replace the existing saver's credit. For eligible taxpayers, the federal government will match 50% of up to $2,000 in retirement contributions (for a maximum $1,000 match). Eligible taxpayers should receive Notice CP321J (because eligibility is income-based, notices will be sent based on taxpayers' 2025 income). To receive the match, taxpayers must first have a retirement account to receive the match, meaning that many taxpayers may have to open an IRA before they can receive their 2027 matches (which are expected to be deposited in 2028). Defined contribution plans aren't required to accept federal matching contributions, although they have the option. For more information on the new saver's match, visit Tax Facts Online. Read More: Link to Q3648.