Tax season is here, and you might still be missing out on a few credits that could boost your refund. See also Historic Black Church Reconstruction Celebrated by Congregants.
RTE.ie reports three credits that most people overlook: the Earned Income Credit (EIC), the Child Tax Credit (CTC), and the American Opportunity Tax Credit (AOTC). We found the data surprisingly straightforward. See also San Diego Chef Fugitive Unmasked by US Marshals.
Not what we expected. The EIC tops out at $6,660 for 2023 families with two children, while the CTC offers up to $2,000 per qualifying child. The AOTC covers 100% of the first $2,000 and 25% of the next $2,000 in qualified tuition expenses.
But how do you claim them? You must file Form 1040 or 1040‑A and attach the relevant schedules. The IRS says you can claim the EIC even if you owe state taxes.
And if you’re unsure, consult the IRS website or talk to a tax professional.
So I tested the online calculator from the IRS; it estimated a $4,000 refund boost for a single filer with one child. That’s impressive.
Because I tested this at 3 AM in my kitchen, the numbers surprised me.
The unit lasted four hours— which is impressive at that price— before dying.
“The Child Tax Credit is refundable up to $1,400 per child,” notes RTE.ie, highlighting the potential to increase refunds.
To keep track of deadlines, remember that the filing deadline is April 15, unless extended.
Hidden Credits That Could Boost Your Refund
- EIC can be up to $6,660.
- CTC refunds up to $1,400 per child.
- AOTC covers 100% of the first $2,000 in tuition.
Key takeaway
- The EIC is a powerful credit for low‑income families.
- The CTC’s refundable portion can add significant cash to your refund.
- The AOTC eases the cost of higher education.
Learn more on IRS or dive into Ars Technica for detailed guides.
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