The Economic Times

Could an IRS notice mean up to $1,000 for your retirement in 2027 and what do you need to do now to qualify for the new match?

The IRS is mailing notices about a retirement benefit that will not start until 2027. The letter does not mean a $1,000 payment is coming now. It tells some lower- and moderate-income workers that their retirement savings could qualify for a federal match. What matters next is how much they contribute, their income and whether they meet the programs rules.