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  2. The new 1040 tax form: 4 things you need to know before ... - AOL

    www.aol.com/article/finance/2019/02/05/the-new...

    To claim credits such as the foreign tax credit or education credits, you’ll need Schedule 3. There are six schedules in all that are part of the Form 1040, but it’s possible you will not need ...

  3. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]

  4. What are tax credits and how do they work? - AOL

    www.aol.com/tax-credits-153012710.html

    Turbotax notes that tax credits are a “dollar-for-dollar reduction of your income.”. To claim a tax credit, you must first determine your eligibility. If you believe that you qualify for a tax ...

  5. What Are Tax Credits and How Do They Work? - AOL

    www.aol.com/finance/tax-credits-160008837.html

    With tax season just around the corner, many people are looking for ways to reduce what they owe or increase their refund. Two basic ways to do that are through tax deductions and tax credits.

  6. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government. Income tax returns for individual calendar-year ...

  7. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    Money portal. v. t. e. A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases.

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