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2. Child tax credit (United States) - Wikipedia

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

   A tax credit enables taxpayers to subtract the amount of the credit from their tax liability. [d] 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 or loss ...

3. Child and Dependent Care Credit - Wikipedia

   en.wikipedia.org/wiki/Child_and_dependent_care...

   Federal tax reform. United States portal. v. t. e. The Household and Dependent Care Credit is a nonrefundable tax credit available to United States taxpayers. Taxpayers that care for a qualifying individual are eligible. The purpose of the credit is to allow the taxpayer (or their spouse, if married) to be gainfully employed. [1]

4. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   Upon enactment, the EITC gave a tax credit to individuals who had at least one dependent, maintained a household, and had earned income of less than $8,000 during the year. [11] The tax credit was $400 for individuals with earned income of less than $4,000. The tax credit was an amount less than $400 for individuals whose income was between ...

5. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

   www.aol.com/adjusted-gross-income-calculate...

   A simple way to determine your AGI is to use an adjusted gross income calculator. However, you also can calculate it manually. ... such as the Earned Income Tax Credit. For example, for the 2023 ...

6. What is the first-time homebuyer tax credit? - AOL

   www.aol.com/finance/first-time-homebuyer-tax...

   Under the original program, qualified individuals originally were given a tax credit for 10 percent of the home’s purchase price, up to $7,500 (later increased to $8,000), which had to be repaid ...

7. TurboTax Child Tax Credit Calculator and Top 7 Requirements - AOL

   www.aol.com/finance/turbotax-child-tax-credit...

   A significant part of the plan includes the broadening of the Child Tax Credit to include more families, increase the financial benefits the credit provides, and to get these benefits into the ...