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The American Opportunity Tax Credit is an educational credit worth 100% of the first $2,000 you spend per qualifying student and 25% of the next $2,000, for a maximum per-student total of $2,500.
6. Credits. You can claim only common credits through Direct File to reduce your taxes or increase your tax refund. Your tax credit options will be limited to: Child Tax Credit. Earned Income Tax ...
The IRS Direct File program, which lets taxpayers file their federal income tax return directly with the IRS for free, is doubling its reach to 25 states for the 2025 tax season, up from 12 states ...
Child Tax Credit “The Tax Cuts and Jobs Act of 2017 doubled the Child Tax Credit from $1,000 to $2,000,” explained Nicolette Davicino, financial advisor at Armstrong, Fleming & Moore, Inc ...
But the program doesn’t accept tax returns for processing until Jan. 23 when the tax-filing season officially opens this year. Here’s where you can get free tax services. Credit: Getty Images ...
Best for free tax filing: FreeTaxUSA. Best for in-person and live support: H&R Block. Best for comprehensive guidance: TurboTax. Best for simple tax returns: EzTaxReturn. Best for overall value ...
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