New Legislation Could Provide Relief And Protections For Middle Class Savings
Tuesday, June 21, 2022

Indiana Senator Todd Young was part of a group of legislators that introduced legislation that calls to provide relief and protections for middle class savings.

Dubbed The Middle-Class Savings and Investment Act, Young says it will offer “targeted relief to Hoosiers who are struggling with the impact of inflation.”

One of the things it would do is increase the maximum “savers credit” a person can get for contributing to qualified retirement accounts and expanding the availability of this credit score to more taxpayers.