Adoption Tax Credit

Adoption Tax Credits Changed for 2013 Maximum Adoption Tax Credit projected to be $12,770 for 2013. Credits will no longer be refundable, but unused part will carry forward to future years. To Get the Credit You Must Have: Domestic and foreign adoptions that have been...

Education Tax Credit

American Opportunity credit replaces the Hope credit If you need help paying for college, you’ll be glad to hear about the American Opportunity Credit. The education credit has been slightly modified and extends to 2016. The credit provides undergraduates a dollar for...

Using Tax Credits to Pay Less Tax

A Tax Credit can come in two forms, Credits that reduce income taxes you owe, and Refundable Credits which count as an actual payment on your behalf as if you paid the amount of the credit out of your own pocket. The government uses refundable tax credits to change...

Adoption Tax Credit

Adoption Tax Credits Changed for 2013 Maximum Adoption Tax Credit projected to be $12,770 for 2013. Credits will no longer be refundable, but unused part will carry forward to future years. To get the credit you must have: Domestic and foreign adoptions that have been...

Education Tax Credit

American Opportunity credit replaces the Hope credit If you need help paying for college, you’ll be glad to hear about the American Opportunity Credit. The education credit has been slightly modified and extends to 2016. The credit provides undergraduates a dollar for...