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Can be carried forward 10 years. Credit for taxes paid to a foreign government.
Foreign Tax Credit
Credit for child care costs for a dependent under the age of 13 or dependent who is physically or mentally handicapped. Eligible care costs time applicable percentage between 20% and 35%
Credit for Child and Dependent Care
Credit for up to $7,500 dollars for people 65 or older or people who are permanently and totally disabled
Credit for the Elderly or Disabled
Available for qualifying school tuition and related expenses. Maximum is $2,500 per year per eligible student.
American Opportunity Tax Credit (AOTC)
Available for qualifying school tuition and related expenses. 20% of qualifying expenses up to $10,000 per years.
Lifetime Learning Credit
$1,000 dollar credit per person per year for making contributions to qualified retirement savings plans. Credit = Contribution x Percentage.
Retirement Savings Contributions Credit
$2,000 credit per qualifying child. Refundable up to $1,700. Phased out after $200,000 of single filer income.
Child Tax Credit
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$500 credit for one who was a qualified dependent but did not meet the child tax credit rules.
Other Dependent (Family) Credit
Credit for 30% of costs of an energy efficient home improvement.
Energy Efficient Home Improvement Credit
Credit for 30% of costs relating to clean energy credits. No cap.
Residential Clean Energy Credit
Up to $7,500 credit for purchase of a clean vehicle. Not available after MAGI exceeds limits.
Clean Vehicle Credits
Can be carried forward 20 years
General Business Credit
Can be carried forward 5 years. Credit for adoption of a child.