[ad_1] About the EARN Act The Enhancing American Retirement Now (EARN) Act, passed by the Senate Finance Committee last week, allows older savers to deposit an additional $10,000 per year into their retirement accounts. Plan participants can contribute additional funds to a Roth IRA, where deposits are taxed but withdrawals are not. For Congressional scorekeeping, this means that revenue is included within the 10-year budget window, but long-term tax deductions are invisible. TPC’s Steve Rosenthal condemned the move, saying “This is a serious use of budget scorekeeping rules.” The Latest…