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  2. 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.

  3. What Tax Credits Can I Qualify for in 2024? - AOL

    www.aol.com/tax-credits-qualify-2024-124518664.html

    If you’ve put money in an IRA, 401(k), 403(b) or other eligible retirement account, the Saver’s Credit could get you a tax credit worth between 10% and 50% of your 2023 contribution amount.

  4. All About Tax Credits: What You Need to Know Before Filing - AOL

    www.aol.com/finance/tax-credits-171324079.html

    If you were unhappy with last year's income tax bill, there are several ways to reduce your overall 2022 tax burden before the April 18, 2023, filing deadline arrives. You can try to qualify for ...

  5. Tax Credits You Can Use to Reduce Your 2024 Taxes - AOL

    www.aol.com/tax-credits-reduce-2024-taxes...

    The Child Tax Credit is worth up to $2,000 per child, with up to $1,600 refundable for 2023. To qualify, the child must have a Social Security number, be 17 or younger, be claimed as a dependent ...

  6. Child tax credit (United States) - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit_(United...

    Background. A tax credit enables taxpayers to subtract the amount of the credit from their tax liability. In the United States, to calculate taxes owed, a taxpayer first subtracts certain "adjustments" (a particular set of deductions like contributions to certain retirement accounts and student loan interest payments) from their gross income (the sum of all their wages, interest, capital gains ...

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