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 ...

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 ...

The American Opportunity Tax Credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. For 2024 (taxes typically filed ...

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 ...

There are two education credits you might be able to claim on your taxes. One is the American Opportunity Tax Credit (AOTC), a refundable tax credit of up to $2,500 per student for educational ...

You can also invest in yourself and take a credit for college or trade courses. If you are working on a four year degree at a college you may be able to take the American Opportunity Tax Credit up ...

For 2025, you can earn between $649 and $8,046. Learn More: American Opportunity Tax Credit: What Is It and Who Qualifies? The Child and Dependent Care Credit helps to relieve the burden on ...

1040, earned income tax credit, child tax credit, unemployment income, certain retirement income, lifetime learning credit and American opportunity credit. See full list of supported forms here.