Information to Help with Taxes

Tax Credits

Rosemary K. Heins
Reviewed January 29, 2012

Tax Credits for Tax Year 2011 - You could benefit right now from tax credit planning in the current year.

Earned Income Tax Credit for TY2011

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The Earned Income Credit (EIC) is a tax benefit for working people who earn low or moderate incomes.

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Adoption Tax Credit

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In 2010, Congress enacted a change to the Adoption Tax Credit (ATC) that will enable more low-and moderate-income workers to receive a refund of expenses they incur in adopting a child in 2010 or 2011.

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MN K-12 Education Subtraction or Credit

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The Minnesota K-12 Tax Subtraction or Credit can help a family with childcare expenses.

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College Student Children and Earned Income Credit

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The Earned Income Credit is important to low- and moderate-income families. Did you know a child who is a full-time student and still a dependent on their parents’ tax return can be claimed for the Earned Income Credit until age 24?

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Savers Tax Credit

The Savers Tax Credit reduces or eliminates the income tax a taxpayer may owe while encouraging saving.

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See other Information to Help with Taxes.

See the related program: Resource Management for Daily Life