Millions of Americans could qualify for new $1,000 federal benefit: Here’s who qualifies

Millions of Americans may now be eligible for a new $1,000 federal benefit under the SECURE 2.0 Act, which takes effect for the 2027 tax year. The provision expands access to retirement savings incentives, and qualifying individuals include those with specific income thresholds and retirement account statuses. Financial experts advise taxpayers to review eligibility.