Federal Tax Credits
Tax credits that you can use to lower your total tax bill. Find out which tax credits you can claim and refundable amount of each credit that is out there. Chid Tax Credit, Earned Income Credit, Child and Dependent Care Credit, and Adoption Credit.
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Jan- 2023 -19 January
Earned Income Credit (EIC) Calculator
The Earned Income Tax Credit (EIC) is a refundable credit that is intended to reduce your tax liability. It is…
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Dec- 2022 -22 December
Form 8962
Form 8962 is a form that must be filed together with your federal income tax return for a given year…
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Nov- 2022 -30 November
Earned Income Tax Credit (EITC) Eligibility
The Earned Income Tax Credit is a federal tax credit for low-income working Americans and families that can be paid…
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29 November
Schedule 8812 – Instructions for Credits for Qualifying Children and Other Dependents
Whether you use a fancy spreadsheet or a high-powered tax software package, you’ll want to know how to file your Schedule…
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16 November
Recovery Rebate Credit
The recovery rebate credit is worth up to $4000 and is a good way to save money on your taxes. The IRS uses…
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Oct- 2022 -17 October
Child Tax Credit (CTC) Update
The calculation of the child tax credit in 2023 will be different than in previous years. As inflation increases, the credit amount…
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Mar- 2022 -8 March
Child and Dependent Care Expenses Credit
The child and dependent care expenses credit is a great way to boost your tax refund or reduce the amount…
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Jan- 2022 -18 January
Is the Child Tax Credit Payment Over?
The Internal Revenue Service made substantial changes to the child tax credit in mid-2020. The $1,000 initial change wasn’t the…
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12 January
American Opportunity Tax Credit
The American Opportunity Credit is one of the tuition tax credits that students that are also taxpayers can claim to reduce their…
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Dec- 2021 -27 December
January Child Tax Credit
The child tax credit saw a boost in 2023 that increased the credit amount from $2,000 to up to $3,600.…
