Last-minute tax tips

Take all the tax credits you can

Credits are subtracted dollar for dollar from the amount of tax owed so it is important that taxpayers double check to be sure they do not miss any. Many taxpayers can take advantage of the Hope Credit and the Lifetime Learning Credit for education expenses, the child credit for children under age 17, the credit for the expenses of caring for children and other dependents and, if their income is low, the Earned Income Tax Credit.

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Take all the tax credits you can Credits are subtracted dollar for dollar from the amount of tax owed so it is important that taxpayers double check to be sure they do not miss any. Many taxpayers can take advantage of the Hope Credit and the Lifetime Learning Credit for education expenses, the child credit for children under age 17, the credit for the expenses of caring for children and other dependents and, if their income is low, the Earned Income Tax Credit .