Many people can take advantage of tax credits to reduce their income tax. Some of the more commonly used credits include the Dependent Care Credit, Lifetime Learning Credit, and the Earned Income Credit. To learn more about these and other credits and to see if you might be eligible, visit the IRS the IRS website and look for IRS Publication 17, Tax Guide for Individuals, chapters 31 through 38.
You can also track estimates of your tax credits in the Tax Planner.
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The Tax Planner cannot track tax credits; for example, it doesn't automatically calculate child-care tax credits for you. If you expect to be eligible for a certain tax credit or credits (such as tax credits for child-care expenses), enter the information manually in the Tax Planner.Planner.
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The following terms will be different in the Canadian releases of Quicken. Canada: "Cheque" / United States: "Check" |