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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Standard deduction. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [ 1] but usually choose whichever results in the ...

3. Child tax credit (United States) - Wikipedia

   en.wikipedia.org/wiki/Child_tax_credit_(United...

   A tax credit enables taxpayers to subtract the amount of the credit from their tax liability. [d] In the United States, to calculate taxes owed, a taxpayer first subtracts certain "adjustments" (a particular set of deductions like contributions to certain retirement accounts and student loan interest payments) from their gross income (the sum of all their wages, interest, capital gains or loss ...

4. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   EITC. The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are ...

5. Who Qualifies For the Child and Dependent Care Credit? - AOL

   www.aol.com/irs-form-2441-181302546.html

   While the American Rescue Plan Act made the Child and Dependent Care Tax Credit was worth $8,000 for one qualifying dependent and $16,000 for two or more, it has reverted back in 2022 to $3,000 (a ...

6. Taxes 2022: Are You Eligible to Claim the Child and Dependent ...

   www.aol.com/finance/taxes-2022-eligible-claim...

   The IRS provides an easy worksheet to determine if you qualify for the child and dependent care credit. You can fill out the worksheet using the IRS Interactive Tax Assistant. The IRS says it ...

7. Taxes 2023: Can I Claim My Partner as a Dependent? - AOL

   www.aol.com/taxes-2023-claim-partner-dependent...

   Each tax season, people look for tax deductions and credits to either lower their balance or increase their refund. One rather obscure deduction: A partner can be claimed as a dependent if they ...