Tax Credits Overview
How Tax Credits Lower Your Taxes and Boost Refunds
Earned Income Tax Credit (EITC)
A refundable credit for low to moderate-income workers that directly reduces tax owed and can increase refunds.
Child Tax Credit
Provides a credit per qualifying child, lowering your tax bill and potentially adding to your refund.
Education Credits
Includes the American Opportunity and Lifetime Learning credits to offset qualified education expenses.
Energy Efficiency Credits
Credits for installing energy-saving improvements like solar panels, reducing tax liability dollar-for-dollar.
Saver’s Credit
Encourages retirement savings by offering a credit based on contributions to eligible retirement accounts.
Foreign Tax Credit
Helps expatriates and international taxpayers avoid double taxation by crediting foreign taxes paid.
Real Stories, Real Savings
Client Experiences with Tax Credits
American Tax Advisory helped me identify tax credits I wasn’t aware of, which significantly lowered my tax bill this year. Their team made the process straightforward and stress-free.
The team’s knowledge of tax credits for small businesses saved me thousands. Their personalized approach helped me plan better and keep more of my earnings.
Maximize Your Tax Benefits with Confidence
Key Tax Credit Insights That Impact Your Refund
Tax credits directly reduce the amount of tax you owe, often resulting in significant savings. On average, taxpayers who claim credits save over $2,500 annually. Commonly claimed credits include the Earned Income Tax Credit, Child Tax Credit, and education-related credits. Understanding eligibility and proper filing can increase your refund and lower your tax liability effectively.
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2,500+
Average annual savings from tax credits claimed by taxpayers
25M
Number of taxpayers who claimed the Earned Income Tax Credit in the last tax year
15%
Percentage increase in refunds reported by clients using tax credit strategies
Maximize Your Tax Savings with Available Credits
Tax credits directly reduce the amount of tax you owe, often resulting in larger refunds. From education and energy credits to child and earned income credits, understanding your eligibility can significantly lower your tax burden. Our experts at American Tax Advisory help identify and apply the credits that fit your unique situation, ensuring you keep more of your money.