Tax Deductions and Credits Tax Tips
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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…
What Is the IRS Form 5405?
Note: The content of this article applies only to taxes prepared for 2010. It is included here for reference only. To claim the new homebuyers tax credit, you will need to file IRS Form 5405. Here are the details. Read more…
What is the Additional Child Tax Credit?
Understanding the Additional Child Tax Credit begins with the original Child Tax Credit. So what do you need to know? To start, the Child Tax Credit is up to a $1,000 credit that you can claim for each of your dependent children under the age of 17, subject to some limitations. Read more…
Child Tax Credit
Depending on your income and the age of your children, you could score a hefty income tax credit and possibly earn a tax refund. Read more…
Video: What Are Itemized Tax Deductions?
Itemized tax deductions can help save you even more money during tax season if your deductions exceed the standard amount. Learn about itemizing your tax deductions with help from TurboTax in this video on annual tax filing. Read more…
More Tax Deductions and Credits Articles
Filing Tax Form 2441: Child and Dependent Care Expenses
Earned Income Credit
What Are Itemized Tax Deductions?
The 5 Biggest Tax Credits You Might Qualify For
Video: Common Income Tax Deductions
Deductions Allowed for Contributions to a Traditional IRA
Video: Filing Schedule EIC Earned Income Credit
8 Common Life Events That Affect Your Taxes
The Ins and Outs of the Child and Dependent Care Tax Credit
Do I Qualify for Earned Income Credit While on Unemployment?
What Is the IRS Form 8812?
The Land of Unknown Tax Deductions
What Are Standard Tax Deductions?
Home Ownership Tax Deductions
Video: Changes in the Standard Deduction for Certain Tax Filers
8 Things You Think Are Tax Deductible That Aren't
What Are Tax Credits?
Video: What Is the Standard Tax Deduction?
5 Things You Should Know about Refundable Tax Credits
Video: What Are Tax Deductions?
Tax Deduction Wisdom—Should You Itemize?
Video: What Are Tax Credits?
Video: Does the IRS Allow Deductions for Donated Work?
Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance
5 Facts About the Earned Income Tax Credit
9 Things You Didn't Know Were Tax Deductions
What Is the Difference Between a Refundable and a Nonrefundable Credit?
How to Write Off Sales Taxes
What Are Tax Deductions?
When to Use Schedule EIC: Earned Income Credit
Deductions for Sales Tax
What Extra Tax Deductions Should I Make Sure To Take?
Is Your Car Registration Deductible?
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?
10 Strange But Legitimate Federal Tax Deductions
Video: The New 2009 Tax Deduction for Car Buyers
Video: Who Qualifies for the 2015 Earned Income Tax Credit
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