How to Save The Most With Tax Credits

As far as total tax-burden reduction is concerned, nothing comes close to the pain-lessening impact of tax credits.


This section:

  • Describes how the major tax credits work

  • Outlines the basic criteria needed to qualify

  • Explains how easy it is to claim them when you e-file

Make claiming tax credits easier

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The easiest way to save money

Tax credits are the most direct way that you can save on your tax bill: they are a discount from the total amount owed.

Working families can often claim at least one - the earned income credit. However, there are a few others for which you may be able to qualify.

Click on the following links for more in-depth information about each tax credit and to learn how to claim them when you e-file:


Earned income credit as much as $4,140 for those who qualify

Child tax credit equal to $1000 for every qualifying child.

Child care equal to $2400 (up to $4800) per dependant

Adoption up to $10,000 to defray legal and other costs

Educational such as the Hope and Lifetime Learning Credits which can help pay the tuition for students of all ages. (We also have a special guide to claiming the various education credits - be sure to take a look at it too.)

For the Elderly or Disabled up to $1,125 for older or disabled low-income individuals

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