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Free Tax Deduction Maximizer at
Turbo
Tax Online
Learn how to: Claim more Federal and State income tax
deductions and credits.
Claiming more tax deductions is the key to paying less
taxes and getting a larger tax refund. Unfortunately to many people are not
aware of the over 350 tax deductions and credits the Federal and State Governments
allows us.
Most people just don't have the time to search the
long list of overlooked tax deductions, but there is a new tool that will
do that for you. The 2008 tax
Deduction Maximizer searches for tax deductions
and credits, then determines if you can claim them.
Here are a few tax deductions and credits you may
be missing out on:
1. The Bush Federal Energy Tax Credit. If you've made energy saving home
improvements to your home, then you may qualify for the new energy tax
credits. From new insulation to new windows, doors, water heaters,
electric heat pumps, solar equipment, circulating fans, air conditioners
and more, you may take a credit of up to $500 on your 2008 Federal tax
return.
2. A $1000 Child Tax Credit. The IRS recognizes that
having and raising children can create an additional financial burden. You
may qualify to get a tax credit of $1,000 per child. The amount of child tax
credit you can claim is adjusted based on your income.
3. Child Care Tax
Credit Or Dependent Care Credit. If you have children or a dependent that
you pay someone else to care for while you look for work or while you work,
you probably qualify for this tax relief. This child and dependent care tax
credit may result in a bigger tax refund!
4. Earned Income Credit. If you were married and
earned less than $37,263 ($35,263 for single or head of household) in 2008,
you may qualify for this tax credit, or even a refund check.
Use can use the Tax Deduction Maximizer at
Turbo Tax Online
to find and claim all the tax deductions and credits you you qualify for. And when your done, you can use the
Free Tax Estimator to estimate your tax tax refund amount . See how
Turbotax Online can help you with your income tax return.
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