If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

The credit, worth up to $2,000 per tax return, applies to you, your spouse or a dependent listed on your return. The American Opportunity Tax Credit is an educational credit worth 100% of the ...

Learn More: American Opportunity Tax Credit: What Is It and Who Qualifies? Be Aware: 3 Sneaky Things You Didn’t Realize Your Tax Software Was Doing — And How to Stop Them This Year As you file ...

The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.

For the lifetime learning credit and the American opportunity tax credit, income limits of $90,000 for single filers and $180,000 for joint filers apply. The income limit to qualify for the ...

A single adult earning $48,000 finds themselves paying 22% on their top-taxed dollars. Learn More: American Opportunity Tax Credit: What Is It and Who Qualifies? Be Aware: 3 Sneaky Things You Didn’t ...

For example, up to 40% (or $1,000) of the maximum $2,500 for the American Opportunity Tax Credit can be put toward your tax refund if your tax liability hits $0. Note: The best tax software will ...