Jackson Hewitt can help you determine whether or not you are eligible for certain tax credits. Our ProFiler® system, used at all Jackson Hewitt offices can identify potential credits you may be entitled to and our new offering, Jackson Hewitt Online utilizes your job title to determine available tax credits. Get all the credits you deserve now.
Additional Child Tax Credit is a refundable credit based on the unused portion
of the Child Tax Credit. If you have taxable wages or self-employment income of
$3,000 or more and dependent children under age 17, you may be
Did you adopt a child last year? If so, you may be able to take a credit for qualified adoption expenses of up to $13,460 per child. If you adopted a special needs child, you may claim a credit of $13,460 regardless of your expenses.
The American Opportunity Credit and the Lifetime Learning Credit are credits available for you, your spouse, and your dependent who attend college or a trade school during the year. The American Opportunity allows a credit of up to $2,500 and the Lifetime Learning Credit offers a credit of up to $2,000. Each credit is based on tuition and fees paid to attend a qualified institution.
If you were working and had dependent care expenses for a dependent child under age 13 or for a dependent or spouse who is disabled, you may be able to claim a credit for these expenses.
If you have dependent children under age 17, you may qualify for a credit of up to $1,000 per child.
Did you have too much Social Security Taxes withheld? If so, you may be able to get the excess back when you file your tax return.
Did you pay taxes to a foreign country? If so, you may be eligible for a credit on your U.S. taxes.
You may be eligible for a credit of up to $1,000 on your contributions to a retirement plan or an IRA.
The Earned Income Credit is a refundable credit for low-income workers with earned income. The credit is available for taxpayers with or without children. You could be entitled to a refundable credit of up to $6,269 if you have qualifying children. There is even a credit of $506 if you have no qualifying children.
Perhaps the most commonly overlooked credits, the Energy Credits allow taxpayers a credit for making energy efficient improvements to their home.