Credits Archives - Page 4 of 6 - ExpressTaxRefund.com

Welcome
ExpressTaxRefund.com
Start New Return
File your taxes today!
Continue Return
Continue filing your taxes.
E-File Status
Check the status of your return.

Tax Services
Learn about our services.
Security
Security & Privacy Policy
Pricing
Billing Policy
Help Center
FAQ's, Tax Guides & Tax Tools
Contact Us
Customer Support

Going to School? Deduct Your Expenses

January 31, 2016

Education expenses can add up quickly, and any kind of financial relief can really make a difference. You may be able to deduct certain education expenses at tax time. If you pay tuition for yourself, a spouse, or another dependent, you may qualify to deduct a portion of the expenses. However, it may be more […]

Categories: Credits Tags: American Opportunity Tax Credit, business expense, business expenses, education expense deduction, Education expenses, Lifetime Learning Credit, tuition and fees

Premium Tax Credit is An Incentive

January 20, 2016

If you purchased your health care through the Health Insurance Marketplace, you may have been eligible to receive a tax credit with can assist with the cost of your monthly premiums. This tax credit can be applied up front to help lower the cost of your premiums, in the form of an advance payment. In […]

Categories: Credits Tags: advance payment, Health Insurance Marketplace, Health Insurance Marketplace Statement, tax credit, tax return

Cash in on the Dependent Care Credit

January 16, 2016

Working parents know how difficult it can be to find appropriate care for their children while they work. If you pay for someone to watch your children while you work, there’s a possibility you may be eligible to claim the Dependent Care Credit. This credit has certain requirements that must be met in order to […]

Categories: Credits, Dependents Tags: Child Care, children, credit, day care, dependents, requirements

Don’t Miss Out on the Earned Income Credit

January 13, 2016

Unfortunately, every tax year 20% of Americans who are eligible for the Earned Income Credit don’t claim it, which can mean a loss of $2,400 for those taxpayers. It’s simple to determine your eligibility, so there’s no reason you shouldn’t claim the credit if you can. If you have qualifying children, the income threshold goes […]

Categories: Credits Tags: Earned Income, earned income credit, EITC, Filing Status, qualifying children, relationship

Credits for the Working Taxpayer

January 11, 2016

Working taxpayers with lower incomes may qualify for a special credit called the Earned Income Tax Credit. It helps ensure those who can work, do, by offering an incentive to low income taxpayers. Next to Medicaid, this credit comes in second as far as the amount of help it provides to taxpayers at lower income […]

Categories: Credits Tags: 401k, Credits, dependents, Earned Income, EITC, jury duty pay, pension, qualifying children

Get Educated About these Tax Breaks

January 5, 2016

The IRS offers some tax breaks that can help you recover some of the money you spent on higher education, such as tuition costs or interest you’ve paid on student loans. This can help make your college education a bit more affordable in the long run. Tax Credits There are two different tax credits that […]

Categories: Credits, Deductions Tags: American Opportunity Credit, education, Lifetime Learning Credit, student loan interest, Student loan interest deduction, students, Tuition

Pay For Child Care, Get Credit

January 4, 2016

You may qualify for the Child Care Credit if you are employed and pay for childcare services where you work. There are certain requirements that you must meet in order to claim the credit on your federal tax return. Ask your tax adviser if you need help determining whether you qualify to claim the child […]

Categories: Credits Tags: Child Care, child care credit, day care

Tax Credits for the Disabled Can be Beneficial

July 10, 2015

If you are disabled there is a variety of tax credits available. By using these credits and deductions you can lower the amount of taxes you may owe, sometimes this can even lead to a refund. The IRS defines as being disabled by the following two conditions: You are physically or mentally disabled that limits […]

Categories: Credits Tags: disabled, Elderly, medical expenses, Standard Deduction

Tax Credits for Retirement Savings

March 6, 2015

Planning for the future can be a good investment, whether you decide to build a savings fund through an IRA or 401(k) plan, there is a chance that you may qualify for tax credits. For tax payers with qualifying savings plans you may be eligible for The Savers Credit, which can help reduce your tax […]

Categories: Credits Tags: 401k, Form 8880, IRA, Retirement Savings Contribution Credit, Saver's Credit

Parental Tax Credits

March 5, 2015

As a parent you may be eligible for additional tax credits. The IRS provides credits that are geared towards parents, these credit can help offset the cost or raising children and can help you save money at tax time. The credits below can be claimed on children who are considered dependents including children born in […]

Categories: Credits, Deductions Tags: Adoption Credit, American Opportunity Credit, child care credit, child tax credit, earned income credit, EIC, EITC, Higher Learning Credits, Lifetime Learning Credit, Self-Employed Health Insurance, student loan interest

Category Archives: Credits