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• Tax Credits
  Tax credits are not the same as tax deductions. Tax credits are much more valuable for taxpayers because tax credits put money directly into taxpayers' pocket whereas tax deductions only reduce taxable income.
  Tax_Credits.html

• Who Qualifies for Earned Income Credit
  Earned income credit is a tax credit that many high income taxpayers have not heard of. Below are requirements for claiming earned income tax credit or EIC.
  Who_Qualifies_for_Earned_Income_Credit.html

• Income Test for Earned Income Credit
  To claim the EIC or earned income credit the taxpayer and his or her spouse if married filing jointly must not make more than a certain income limit set by the IRS for earned income credit qualification.
  Income_Test_for_Earned_Income_Credit.html
• EIC with a Child
  If the taxpayer has a child and wanting to claim the earned income credit or EIC with a child, then the taxpayer has to meet the following additional tests for EIC with a child. The same goes for taxpayers without a child wanting to claim the earned income credit.
  EIC_with_a_Child.html
• EIC without a Child
  Certain taxpayers can claim the EIC without a child. Some taxpayers think that to claim the earned income tax credit, they need to have a qualifying child.
  EIC_without_a_Child.html

• Who Qualifies for Child and Dependent Care Credit
  Some taxpayers qualify for child and dependent care tax credits as well as other tax credits. To qualify for the child and dependent care tax credit, the taxpayer must meet the following tests.
  Who_Qualifies_for_Child_and_Dependent_Care_Credit.html

• Income Definition
  In preparing and filing taxes, different definitions of income can be confusing for taxpayers. Below are explanations and definitions of different types of income.
  Income_Definition.html

• What is Earned Income
  Earned income often comes up when preparing tax returns. Earned income is used in calculating many tax credits, tax deductions and exemptions.
  What_is_Earned_Income.html
• What is Taxable Income
  When filing tax returns, taxpayers have to pay particular attention to taxable income because taxable income is the income that the IRS will use to calculate how much taxes are owed.
  What_is_Taxable_Income.html
• What is Gross Income
  Gross income is shown on the tax form 1040. Gross income is sometimes referred to as total income. On the 1040 tax form, gross income is calculated first then adjusted gross income is calculated to derive the taxable income. Below is the definition of gross income.
  What_is_Gross_Income.html
• What is Non Taxable Income
  Non taxable income is the income that is exempt from federal tax. There are also state and local non taxable income.
  What_is_Non_Taxable_Income.html
• Taxes on Social Security Income
  Social security benefit is among the most confusing item when filing tax returns. Many people receive social security benefits and have difficulties deciding whether to include social security as taxable income or as non taxable income.
  Taxes_on_Social_Security_Income.html
• Income Tax Documents
  When filing your tax return, you will need the following income documents. If you are using a tax preparation software, you will need the following income tax documents to complete your tax return online.
  Income_Tax_Documents.html

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