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  1. www.investopedia.com › special-tax-breaks-forSpecial Tax Breaks for Members of the Military - Investopedia

    4 days ago · Members of the U.S. Armed Forces should be aware of tax breaks available to them. To benefit you need to be in the Army, Marine Corps, Navy, Air Force, Space Force, Coast Guard, National Guard, or ...

  2. turbotax.intuit.com › tax-tips › college-andWhat Is the Lifetime Learning Tax Credit? - TurboTax

    The Lifetime Learning Credit is available for qualifying tuition and fee payments you made to a post-secondary school (after high school) during the tax year. The maximum credit you can claim is 20% of up to $10,000 in eligible costs, for a maximum credit of $2,000. Your educational institution should send you a Form 1098-T at the end of the year.

  3. www.checkcity.com › taxes-101 › earned-income-creditEarned Income Tax Credit (EITC) | Who Qualifies? - Check City

    4 days ago · The Earned Income Tax Credit (EIC or EITC) is a tax credit designed for taxpaying workers who make a low to moderate income. It was created to alleviate tax liability for taxpayers who bring in a lower amount of earned income each year. The reason this tax credit is named after earned income is because the credit is based on how much you make ...

  4. www.seniorliving.org › finance › senior-taxTax Credits and Deductions for Seniors | SeniorLiving.org

    5 days ago · Your filing status, age at year-end, and gross income determine the income threshold. For example, a single person 65 or over would only need to file a return if their gross income was over $14,700 4. For a married couple filing jointly (both aged 65 or older), the threshold is $28,700. Tax Credit for the Elderly or Disabled

  5. www.intuit.com › blog › news-socialIntuit Aligns TurboTax and Credit Karma to Create Seamless ...

    5 days ago · Joe Kauffman, currently President of Credit Karma, has been named CEO of Credit Karma, effective August 1, 2024. Joe has been part of the Credit Karma leadership team for the last nine years. He has led Credit Karma’s US and international business units, including credit cards, loans, and insurance.

  6. turbotax.intuit.com › tax-tips › tax-deductions-and5 Facts About the Earned Income Credit - TurboTax Tax Tips ...

    6 days ago · Here are 5 facts every taxpayer should know about the EIC. TABLE OF CONTENTS. The Earned Income Credit (EIC) 1. Eligibility is limited to low-to-moderate income earners. 2. Self-employed still counts. Click to expand.

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  7. www.fool.com › retirement › plansRoth IRA Contribution Limits in 2023 and 2024 | The Motley Fool

    13 hours ago · Key Points. The Roth IRA contribution limit increases from $6,500 in 2023 to $7,000 in 2024. People 50 and older can make an extra $1,000 catch-up contribution in both 2023 and 2024. Individuals ...