Credits and Deductions | The TurboTax Blog

The Retirement Saver’s Credit

April 15, 2012

The Retirement Savers Credit is a tax incentive to save for retirement. In exchange for you putting money in a qualified retirement account such as a 401(k), IRA, Roth IRA, or 403(b), the government reduces your taxes. Find out more.

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Family

New Baby? New Tax Deductions!

February 17, 2012 June 10, 2019 / asbbaines

Did you have a baby? Along with the new bundle of joy here are some tax benefits you should know about.

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Tax Deductions and Credits

TurboTax Answers Your Most Common Tax Questions

February 15, 2012 / TurboTaxBlogTeam

Tax season is here and with every tax season comes a lot of great tax questions. Here the most common topics from job seekers, parents, baby boomers, and homebuyers this tax season.

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Home

Repaying the First-Time Homebuyer Tax Credit

February 15, 2012 September 7, 2017 / Ginita Wall, CPA, CFP®

Under 2008 legislation designed to stimulate the housing market, first-time homebuyers could claim a tax credit of up to $7,500, however beginning in 2010 taxpayers were required to pay the credit back. Find out more here.

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Tax Deductions and Credits

What is the Earned Income Tax Credit?

January 30, 2012 September 7, 2017

The earned income tax credit (EITC) provides additional funds to people who, despite working, receive low to moderate incomes. Let’s get right to simplifying it for you here.

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Deductions and Credits

Tax Credits Available at Tax Time

December 27, 2011 July 24, 2019

Both deductions and credits reduce how much tax you pay, but how both impact your taxes is quite different. Find out how they are different and find out about the different tax credits available at tax time.

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Deductions and Credits

A Guide to Child Tax Benefits

December 13, 2011 September 7, 2017

The Child Tax Credit was extended until 2012 and you may be able to reduce your federal income tax by up to $1,000 for each qualifying child. Check out our Child Tax Benefit Infographic to see if you qualify for this and other tax deductions and credits.

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Tax Planning

7 Year-End Tax Moves to Make to Lower Your Taxes

December 2, 2011 September 7, 2017

Seven end of year tax tips to lower your tax bill. Find out what they are.

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Tax Refunds

Unclaimed Tax Refunds – What They Are and How to Get Them Back

October 11, 2011 November 30, 2011

Did you know that every year there is upwards of a billion dollars in unclaimed federal tax refunds? It may come as a surprise that so many people are leaving their money on the table, but it’s true, and it...

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Education

Tax Considerations for College Students

September 9, 2011 February 15, 2012 / Philip Taylor

Back-to-school: Find out how you can benefit from the American Opportunity Credit, the Lifetime Learning Credit, Tuition and Fees Deduction, and 529 Savings Plans.

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