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Day 5: Count your credits
Credits are better than deductions because they cut your tax bill dollar for dollar. A few even can get you a refund.
If you didn't make much money, you may be eligible for the earned income tax credit, or EITC. This is the one credit that's available if your taxes will be filed using the 1040EZ.
Many more credits show up on the Form 1040 and Form 1040A. Among the most popular are:
So check out the credit possibilities, and get ready to claim them. You'll get your chance tomorrow.
Use Bankrate's 1040 tax estimator calculator to see if you'll get a refund or if you'll owe money to the U.S. Treasury.