Taxes

Tax Credits

Format(s) Title and Description
      Can I take the credit for the elderly or disabled?
This federal income tax credit is available if you are a qualified individual and your income falls within specified limits.
      Can I take the tax credit for child care?
The child and dependent care credit is a tax credit for up to 35 percent of certain expenses you paid.
      Now that my child is in college, am I entitled to any education tax credits?
There are two education tax credits — the Hope credit and the Lifetime Learning credit.
      What are the Hope credit and the Lifetime Learning credit?
These credits depend on the amount of qualified tuition and related expenses, as well as the level of your modified adjusted gross income.
      What is the child tax credit?
The child tax credit is a per-child tax credit against your personal income tax liability.
      What is the difference between the child tax credit and the child and dependent care tax credit?
These credits are quite different.
      What is the earned income credit and who qualifies for it?
If you file a federal tax return and meet all applicable requirements, your income tax (if any) will be reduced and you might receive a refund.

Financial Planning


 
 
 
 
 
 
 
 
 
 
 
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