Tax credits and deductions

Tax Find out if you qualify for these tax benefits. Most are retroactive to 2018 and extend into 2022.

Child Tax Credit Advance Payments

Under the American Rescue Plan Act (ARPA), the IRS will prepay taxpayers half of the full amount of the Child Credit on their 2021 income return.

If you are in the qualifying group of taxpayers, you will receive this credit divided into monthly payments beginning July 15, 2021.

Check if you are eligible to receive advance payments of the Child Credit with the IRS online tool.

Requirements to claim the Earned Income Credit

If the income you receive is considered low to moderate income, the Earned Income Tax Credit (EITC) may help reduce the amount of tax you owe. 

Disaster Tax Relief

The Internal Revenue Service (IRS) offers special help to individuals and businesses recovering from a natural disaster or emergency.

Find information on relief for the COVID-19 pandemic.

Get your refund faster

If you live in a federally declared disaster area, you may be able to get reimbursement faster by filing an amended return. You will need to claim disaster-related losses on your prior-year tax return.

Get guidance from the IRS on how to file an amended return or request an extension after a disaster.

Credit for child and dependent care expenses

To calculate the amount that will be credited to you, the IRS will use:

  • Your adjusted gross income
  • The amount you spent on a child or dependent care services

Find out if you are eligible to receive the credit

Find out if you qualify to claim a child and dependent care credit.

Tax incentives for saving energy consumption

Energy-efficient appliances and energy-saving upgrades can provide you or your business with credits and savings.

Find out if you are eligible for state, local, utility, and federal incentives open.

Tax benefits for education

Education tax benefits can help with a variety of expenses, including college, elementary, and high school tuition.

If you filed a joint return with your spouse in 2019 or 2020, the IRS will use the information you provided above to decide if you qualify and automatically enroll you to receive the payments. Requirements include:

Have claimed the Child Tax Credit.

  • Have claimed the Child Credit.
  • Have provided your bank information to the IRS to receive the stimulus check (Economic Impact Payment) through the tool “Non-Filers: Enter Payment Info Here”.
  • Have a main home in the United States and live in it for more than six months a year or file a joint return with a spouse who meets that requirement.

Note: You can claim advance payments of the Child Tax Credit even if you don’t file because your income is below the limit. Sign up with the IRS Non-Filer Tool.

Find more information about Child Tax Credit advance payments on the IRS Questions and Answers page. 

  • Find incentives and environmental policies in your state that support renewable energy and energy efficiency in the  State Renewable Energy and Efficiency Incentives Database. Select your state on the map.
  • Find out if your state has sales exemptions or “x holidays”  to buy energy-efficient appliances.

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