Maximizing deductions is the mission for millions of American taxpayers every year. This year, H&R Block is providing more assistance then ever before as it kicks off National Tax Advice Day on Jan. 10 with rallies in local communities across the country to raise public awareness of the major changes or missed tax credits that have the greatest impact on taxpayers like you.
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Tax Tips
H&R Block wants to help you reduce your tax bill or increase your refund. Listed below are four commonly overlooked credits which are collectively worth nearly $5,000. Visit your local H&R Block tax professional or use our TaxCut software/online service to see if you qualify for one of these credits.- Day care: Eligible parents can get relief with a tax credit of up to $1,050 per child.
- Caring for aging parents: A tax break of nearly $1,200 exists for the "sandwich" generation if you qualify.
- College tuition: Translate campus credits into possible tax breaks and you might be able to keep up to $2,000 in your pocket.
- Energy efficiency: If you installed more insulation or energy efficient windows in 2007, you may be able to save up to $500 at tax time.
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