Tax Related Questions > Credits

 
  • Lifetime Learning Credit
    The Lifetime Learning Credit is one of two tax credits, along with the American Opportunity Credit, that help offset the costs of higher education. Y...
  • Qualified Education Expenses
    The various education credits available to students and those who pay for them are based on the money spent on qualified education expenses, but the d...
  • Additional Child Tax Credit - Form 8812
    If the amount of your Child Tax Credit exceeds the amount of income tax you owe, you may be able to claim the Additional Child Tax Credit and get a re...
  • Telephone Excise Tax Refund
    The Telephone Excise Tax Refund (TETR) was implemented to return excise taxes collected on long-distance phone service between February 28, 2003 and A...
  • First-Time Homebuyer Credit
    The first-time homebuyer tax credit is a special tax break available to qualified taxpayers who purchased a primary residence between April 9, 2008 an...
  • Child Tax Credit
    The Child Tax Credit allows you to reduce your income tax burden by up to $1,000 per qualifying child, depending on your income. A qualifying child m...
  • American Opportunity Tax Credit
    The American Opportunity Tax Credit helps students and parents pay for college expenses. In 2009 the American Recovery and Reinvestment Act, also kno...
  • Making Work Pay Tax Credit
    A component of the Stimulus, the Making Work Pay Credit was available for the 2009 and 2010 tax years. The refundable tax credit gave back to working ...
  • Foreign Tax Credit - Form 1116
    Individuals, estates, and trusts can file Form 1116 to claim the Foreign Tax Credit if they paid or accrued certain taxes to a foreign country or U.S....
  • Mortgage Interest Credit - Form 8396
    Form 8396 is used to calculate the mortgage interest credit for a given tax year as well as any carryforward to a future year. The mortgage interest ...
  • Low-Income Housing Credit - Form 8586
    Form 8586 allows owners of qualified residential buildings in low-income housing projects to claim the low-income housing credit, which is taken over ...
  • Qualified Adoption Expenses - Form 8839
    Form 8839 is used to claim the adoption credit and an exclusion of any employer-provided adoption benefits. Both credit and exclusion apply to the exp...
  • Hope Credit
    The Hope Credit is a tax credit available to help students, or their parents and spouses, pay for tuition and related expenses for the first two years...
  • Health Coverage Tax Credit - Form 8885
    The Health Coverage Tax Credit is available for individuals who qualify and their families to help with their health insurance costs. The HCTC pay...
  • Earned Income Credit
    The Earned Income Tax Credit is a refundable credit that helps low- and moderate-income workers keep more of what they earn. When the amount of the cr...
  • What Is a Tax Credit?
    A tax credit is a special tax break put in place by Congress and the President that reduces the total amount of tax you owe the government. In certai...
  • Nontaxable Combat Pay Election
    Members of the military can elect to have their nontaxable combat pay included as part of their overall income towards the earned income tax credit (E...
  • What tax breaks can a dependent get me?
    For every dependent you have, you are allowed to claim a dependency exemption, which decreases the amount of income on which you are taxed. For 2011 t...