Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Tax Credits
A tax credit under Internal Revenue Code reduces your tax liability in a tax year. There are various types of federal income tax credits under US tax law.
AOTC or American Opportunity Tax Credit : All You Ever Wanted to Know !
As per Internal Revenue Code , one can claim educational credit called American Opportunity Tax Credit or AOTC . This educational credit is allowed to a taxpayer for incurring qualified education expenses paid for an eligible student.
Child & Dependent Tax Credit Simplified !
Child and Dependent Care Credit are part of tax credits which you can utilize to reduce the tax payable for a tax year. As you must be aware that while tax deductions and tax exemptions reduces your taxable income , the tax credit directly…
