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Alphabetical Sitemap

• Tax Credits
  Some tax credits are refundable while other tax credits are nonrefundable. Taxpayers love refundable tax credits because they are like money directly into their pocket whereas nonrefundable tax credits can only decrease their tax liability.
  tax-credits.html

• Federal Tax Credits
  There are two types of federal tax credits; non refundable tax credit and refundable tax credits. In claiming tax credits, you should know the differences and understand how each federal tax credit works.
  federal-tax-credits.html
• Refundable and Nonrefundable Tax Credits
  Which tax credits are refundable and which tax credits are nonrefundable?
  refundable-and-nonrefundable-tax-credits.html
• Which Tax Credits Can I Claim?
  Before filing taxes, you should have the details of your income and dependents or anyone you are supporting because you may be eligible for some tax credits.
  which-tax-credits-can-i-claim-.html
• How Much Tax Credits Do I Get?
  If you are eligible for claiming any of the tax credits, then the next step is to figure out how much tax credits you are allowed.
  how-much-tax-credits-do-i-get-.html
• What can a Married Filing Separately Taxpayer Claim
  Most tax credits and tax benefits are not offered to taxpayers who are married but are filing separately instead of married and filing jointly with their spouse.
  what-can-a-married-filing-separately-taxpayer-claim.html
• What is Earned Income Tax Credit
  What is earned income tax credit? The earned income tax credit or EIC for short is a tax credit for certain people who work and have earned income under $39,783 for the 2007 earned income tax credit.
  what-is-earned-income-tax-credit.html

• Earned Income Credit Requirements
  Below are the earned income credit requirements. The general earned income tax credit requirements must be met for any taxpayer who qualifies for the earned income tax credit.
  earned-income-credit-requirements.html
• Earned Income Credit Rules
  Below are additional earned income credit rules to the earned income credit requirements for everyone. Earned income credit rules below are used when there is a qualifying child.
  earned-income-credit-rules.html
• Who is a Qualifying Child for the EIC
  Earned income tax credit or EIC is a refundable tax credit which means money directly into the taxpayer's pocket from the IRS. There are many requirements for EIC. Below is a discussion of who is a qualifying child for the EIC.
  who-is-a-qualifying-child-for-the-eic.html
• Penalty for Filing False EIC
  Taxpayers like to claim EIC or earned income tax credit if they can because EIC is a refundable tax credit. However, there is a penalty for filing false EIC claim so taxpayers should be familiar with the EIC filing requirements and rules.
  penalty-for-filing-false-eic.html
• Who Qualifies for Earned Income Credit
  Information below answers the question of who qualifies for earned income credit. Earned income credit is refundable tax credit for low income taxpayers with or without children.
  who-qualifies-for-earned-income-credit.html
• What Does Earned Income Credit Mean on the 1040EZ
  Many taxpayers filling out the 1040 or 1040EZ comes across the term earned income tax credit for the first time and ask the question 'what does earned income credit mean on the 1040EZ or 1040 form?'
  what-does-earned-income-credit-mean-on-the-1040ez.html
• Illegal Aliens Earned Income Tax Credit
  Every year the IRS faces the problems of illegal aliens claiming earned income tax credit. The tax laws state that a taxpayer has to be either a US citizen or US resident alien all year.
  illegal-aliens-earned-income-tax-credit.html
• 2007 Earned Income Credit Table
  Below is the 2007 Earned income credit table. You can find this earned income credit tax table in the instruction booklets for forms 1040, 1040A and 1040EZ.
  2007-earned-income-credit-table.html
• Earned Income Credit Guidelines
  Below are earned income credit guidelines for tax professionals and taxpayers. Follow the earned income credit guidelines below to avoid penalties of falsely claiming earned income credit (EITC or EIC).
  earned-income-credit-guidelines.html

• What is Child and Dependent Care Credit
  Some people are confused between dependent deduction vs child care credit. Others are confused between child tax credit and child and dependent care tax credit. We will discuss child and dependent care credit below.
  what-is-child-and-dependent-care-credit.html
• What is Child Tax Credit
  A child tax credit is a nonrefundable tax credit that a taxpayer may be entitled to when there is a qualifying child.
  what-is-child-tax-credit.html

• Child Tax Credit for Divorced or Separated Parents
  Below are the rules for claiming child tax credit for divorced or separated parents. The same tax rules apply for parents who are never married.
  child-tax-credit-for-divorced-or-separated-parents.html
• What is Additional Child Tax Credit
  If the taxpayer received less than the full amount of the child tax credit because the tax is less than the allowable child tax credit, part of the left over child tax credit may be refundable.
  what-is-additional-child-tax-credit.html

• Education Tax Credit
  Education tax credit is for higher education costs. There are two main education tax credits; the Hope education tax credit and the Lifetime learning education tax credit.
  education-tax-credit.html

• Qualified Education Expenses
  The concept of qualified education expenses is necessary when claiming education tax credit such as the Hope education tax credit or Lifetime learning tax credit.
  qualified-education-expenses.html
• What is the Hope Credit
  This section answers the question what is the Hope credit as well as helps with the IRS rules on Hope credit qualifications and Hope credit instructions.
  what-is-the-hope-credit.html
• Explain Lifetime Learning Credit
  Lifetime learning credit is another education tax credit that a taxpayer can claim. Lifetime learning credit is a nonrefundable education tax credit.
  explain-lifetime-learning-credit.html
• Hope and Lifetime Learning Credit
  Hope and lifetime learning credits are the two education learning credits a taxpayer can claim for qualified higher education expenses. Hope and lifetime learning credits are nonrefundable education tax credits.
  hope-and-lifetime-learning-credit.html

• Nonrefundable Tax Credits
  Apart from the nonrefundable child and dependent care tax credit, child tax credit, education tax credit, there are other nonrefundable tax credits. Below are some more examples of nonrefundable tax credits.
  nonrefundable-tax-credits.html

• What is Savers Credit
  Savers credit or retirement savers credit is also called the retirement savings contribution credit and is the tax credit that the IRS allows low and moderate income workers to claim to encourage them to save for retirement.
  what-is-savers-credit.html
• Residential Energy Tax Credit
  The residential energy tax credit is the tax credit allowed for certain new energy efficient property installed in or on the taxpayer's main home. The residential energy tax credit is a nonrefundable tax credit.
  residential-energy-tax-credit.html

• Elderly Tax Credit
  There is an elderly tax credit which anyone at least 65 years old who is qualified can claim on his or her tax return.
  elderly-tax-credit.html
• Who can claim Tax Credit for the Disabled
  The IRS allows tax credits for the elderly and tax credits for the disabled but not every disabled individuals can claim the tax credit for the disabled.
  who-can-claim-tax-credit-for-the-disabled.html