A tax credit is an incentive that lets a taxpayer reduce the total amount of tax owed. Find out which tax credits are available to you.
Do you qualify for the earned income credit?
These two credits can reduce education expenses
Here's how to claim the child tax credit
Learn about a tax credit for businesses, veterans
View all tax calculators, advice and more
Expenses paid with a flexible spending account can’t be claimed for the child care credit.
If you got some extra cash in your paycheck last year, then you benefitted from the making work pay tax credit.
Don’t let childrearing chores interfere with your retirement security.
Federal tax credits are reduced, but can still lighten the cost of your home solar system.
Claiming the Making Work Pay credit requires more tax paperwork, such as filling out Schedule M.
Small business employers can get health insurance tax credit, if they qualify.
You can take an exemption for yourself, your spouse and each dependent you claim.
You lose the separation-from-service exception to avoid a tax penalty if you roll over funds to an IRA.
You can take some steps to minimize your tax bill should Congress decide not to extend the tax cuts.
It’s more profitable for business owners to hire a CPA who can provide alternative tax strategies.