|
Credits |
Summary |
|
Child and dependent care credit |
Day care so taxpayer can work/school. |
|
Credit for the elderly or disabled |
Low income with low pension. |
|
Child tax credit (partially refundable) |
Qualifying children under age 17. |
|
Mortgage interest credit |
Certificate low-income first time. |
|
Hope credit—Lifetime Learning credit |
Tuition and related expenses. |
|
Retirement savings contributions credit |
Low and middle income
taxpayers who contribute to retirement plan. |
|
Nonbusiness energy property credit |
Credit for energy-efficient improvements. |
|
Residential energy efficient property credit |
Credit for solar or fuel
cell property installed at a residence. |
|
Foreign tax credit |
Tax imposed by foreign
countries and U.S. possessions. |
|
Electric vehicle credit |
Primarily electric vehicle. |
|
Alternative motor vehicle credit |
Purchase fuel cell, lean
burn, hybrid, or alternative fuel vehicle. |
|
Alternative fuel vehicle refueling property credit |
Purchase property to dispense clean-burning fuel. |
|
|
|
|
Wages and excess SS withholding |
Federal tax withholding. |
|
Earned income credit |
For low-income earners. |
|
Health coverage tax credit |
For individuals eligible
for trade adjustment allowance or receive benefits from Pension Guaranty. |
|
First-time homebuyer credit |
Up to $8,000 for first-time homebuyers. |
|
Making work pay credit |
Credit against income tax to stimulate the economy. |
|
Adoption expense credit |
Adoption of child or person with special needs. |