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Educational expenses, such as tuition or school-related costs, may qualify for credits like the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Credit (LLC), helping you save big.
If you support children or qualified dependents, you might unlock valuable credits like the Child Tax Credit or Earned Income Tax Credit, adding a significant boost to your refund.
Making energy-efficient home improvements, like adding solar panels or upgrading insulation, can qualify for the Residential Energy Credit, reducing your taxes and helping the environment.
Donations to qualified charities, whether cash or items, can be deducted on your taxes, giving you a financial reward for your generosity.
Paying for childcare while you work or study could make you eligible for the Child and Dependent Care Credit, allowing you to recover part of those costs.
Significant medical expenses, including treatments, prescriptions, and insurance premiums, might qualify for deductions, lowering your taxable income and increasing your refund.
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