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Sat, 16 Mar 2019 16:19:00 GMT
The Retirement Savings Contributions Credit (Saver’s Credit) helps low and middle-income taxpayers save for retirement. Sometimes this is called the Credit for Qualified Retirement Savings Contribution or Retirement Credit.
Sun, 17 Mar 2019 17:01:00 GMT
The $500 Credit for Other Dependents (aka “Family Tax Credit”) was signed into law as part of the 2017 Tax Cuts and Jobs Act and is in effect for tax years 2018 through 2025.
Mon, 18 Mar 2019 09:57:00 GMT
To qualify for and claim the Earned Income Credit you must: Have earned income; and Have been a U.S. citizen or resident alien for the
Tue, 19 Mar 2019 09:27:00 GMT
The following expenses qualify for the American Opportunity Tax Credit: Expenses paid for yourself, spouse, or dependent you claim as an
Sat, 16 Mar 2019 21:05:00 GMT
How is the amount used to calculate education deduction determined? Turbo Tax shows qualified education expense of 26,838 but the amount entered for the field "amount used to calculate education deduction/credit" is only 8202.
Tue, 19 Mar 2019 03:58:00 GMT
Education tax credits can help you with higher education costs by reducing the amount of tax you owe. There are two credits available, the American Opportunity Tax Credit and the Lifetime Learning Credit.
Sat, 16 Mar 2019 10:21:00 GMT
What you haven't said is where the child lives. That is, whether you are the custodial parent. If you are, you can claim EIC. You can also claim Head of Household filing status and the dependent care credit, if appropriate.