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What is EITC tax credit 2023?

The earned income tax credit (EITC) is a refundable tax break for low-income taxpayers with and without children. For 2023 (taxes filed in 2024), the credit ranges from $600 to $7,430, depending on how many kids you have, your marital status and how much you made. 8. Charitable donation deduction

How much is a 2023 education tax credit worth?

The credit may cover up to $2,000 in qualified education expenses. Earned income credit: The earned income tax credit could be worth between $600 and $7,430 for the 2023 tax year, depending on your filing status and the number of dependents you have.

What is a 2023 child tax credit?

The child tax credit, or CTC, is a tax break for families with children below the age of 17. To qualify, you have to meet certain income requirements. The 2023 child tax credit (taxes filed in 2024) could get you up to $2,000 per child, with $1,600 of the credit being potentially refundable. 2. Child and dependent care credit

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