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When to Use Schedule EIC: Earned Income Credit
The earned income tax credit, or EITC, is available to taxpayers with low to moderate income. It was created in 1975 to help offset the heavy burden of Social Security taxes and act as an incentive for low-income taxpayers to continue working. Read more…

7 Requirements for the Child Tax Credit
The Child Tax Credit can significantly reduce your tax bill if you meet all seven requirements: 1. age, 2. relationship, 3. support, 4. dependent status, 5. citizenship, 6. length of residency and 7. family income. You and/or your child must pass all seven to claim this tax credit. Read more…

Video: Filing Schedule EIC Earned Income Credit
Does some of the income you report on your tax return come from employment, or work you perform as a sole proprietor or independent contractor? If your answer is yes, you satisfy one of the requirements for taking the earned income credit. Read more…

The 5 Biggest Tax Credits You Might Qualify For
Identifying which tax credits apply to you can be a big help as you prepare to file your income tax return. Here are the 5 biggest tax credits you might qualify for. Read more…

8 Common Life Events That Affect Your Taxes
If one thing in life is certain, it's that your taxes will never stay static. Events in your own life as well as frequent adjustments by legislation can be cause for either increasing or decreasing your taxes. Here are a few life examples that can significantly adjust your tax outcome. Read more…

More Tax Deductions and Credits Articles

The Ins and Outs of the Child and Dependent Care Tax Credit What Extra Tax Deductions Should I Make Sure To Take? Video: Common Income Tax Deductions Do I Qualify for Earned Income Credit While on Unemployment? What Is the IRS Form 8812? What Are Tax Credits? Is Your Car Registration Deductible? The Land of Unknown Tax Deductions What is the Additional Child Tax Credit? Deductions for Sales Tax What Are Itemized Tax Deductions? How to Maximize Your Itemized Tax Deductions How Major Life Events Affect Your Taxes Can You Claim a Boat or RV as a Primary Residence? Child Tax Credit Tax Deduction Wisdom—Should You Itemize? What Are Standard Tax Deductions? Home Ownership Tax Deductions 9 Things You Didn't Know Were Tax Deductions 8 Things You Think Are Tax Deductible That Aren't What Is the Difference Between a Refundable and a Nonrefundable Credit? How to Write Off Sales Taxes What Are Tax Deductions? Earned Income Credit 10 Strange But Legitimate Federal Tax Deductions Video: The New 2009 Tax Deduction for Car Buyers Filing Tax Form 2441: Child and Dependent Care Expenses 5 Facts About the Earned Income Tax Credit Video: What Is the Standard Tax Deduction? Video: What Are Tax Deductions? Video: What Are Itemized Tax Deductions? Video: What Are Tax Credits? Video: Does the IRS Allow Deductions for Donated Work? Deductions Allowed for Contributions to a Traditional IRA What Is the IRS Form 5405? Video: Changes in the Standard Deduction for Certain Tax Filers Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance 5 Things You Should Know about Refundable Tax Credits Video: Who Qualifies for the 2015 Earned Income Tax Credit
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