IRS.com is a privately owned website that is not affiliated with any government agencies.

Tax Credits

The Child Tax Credit

A Tax Break for People Who Have a Qualifying Child One of the most valuable and popular federal tax credits is the Child Tax Credit. Starting with…


Who Has to File a Federal Income Tax Return?

How to Determine If You Should File a Tax Return With the IRSAre you wondering if you need to file a tax return? While most…


Refundable vs. Non-Refundable Tax Credits

There Are Two Main Types of Credits That Can Reduce Your Tax BillTax credits, available through the IRS, can bring you a substantial savings on…


Tax Tips for the Affordable Care Act (ACA)

Learn How the New Health Care Law Impacts Your TaxesBeginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes effect. This…


Income Tax Credits Explained

Learn How Tax Credits Can Reduce What You OweA tax credit is a dollar-for-dollar reduction in the amount of tax that you owe. For example,…


The Child and Dependent Care Tax Credit

Many parents and people caring for dependent family members can receive a tax credit for expenses paid to care for these individuals. This credit is…


The Foreign Tax Credit

There is a tax credit or deduction available for those who have paid taxes on foreign earned income if they also paid U.S. taxes in…


The American Opportunity Tax Credit (AOTC)

Offset the Costs of Higher Education By Reducing Your Income TaxThe American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and 2010…