IRS notifies Americans they could get up to $2,000 in free retirement contributions under new Saver's Match program

Some Americans may have already received notice from the IRS that they're eligible for a new retirement savings perk, starting in the 2027 tax year.

With the Saver's Match, you could receive a matching annual contribution to an eligible retirement savings plan of up to $1,000 for single filers or up to $2,000 for married couples filing jointly.

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If you claimed the Saver's Credit on your 2025 tax return, then you may have already received a letter in the mail from the IRS — called a CP321J notice — informing you that you're eligible.

The Saver's Match will replace the Saver's Credit in the 2027 tax year and is available to taxpayers whose 2025 income meets eligibility requirements.

The new federal matching contribution — which was the result of 2022 SECURE 2.0 retirement legislation — is aimed at helping those taxpayers boost their retirement savings. So are you eligible?

How the Saver's Match could help workers

Of the 147.3 million workers aged 18 to 64, about half (51.7%) have no retirement plan at work , according to research from the Economic Innovation Group, a bipartisan public policy organization. In the private sector, 49.1% lack access to an employer-provided plan. But even in the public sector, 30.2% of government workers don't have access.

Of workers, just 37% receive an employer contribution or match, with a median match of $3,000 per year.

The Saver's Match is aimed at helping lower — and moderate — income workers boost their retirement savings . Even if you don't have a workplace savings plan, you can still benefit from the match through an individual retirement account (IRA).

And small contributions can add up over time.

"If you contribute $20 a month to a retirement account in 2027 ($240 total) and qualify for the full 50% match, the federal government adds $120 to your retirement account," according to the IRS, in an example of how the Saver's Match works . If you contribute the same amount each year, assuming an annual growth rate of 6%, that would translate to $28,500 in 30 years.

You can see how your savings could add up with Investor.gov's compound interest calculator .