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Credits & Deductions for Individuals

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information   Get an extension of time to file your tax return. Remember, this is not an extension of time to pay.

Subtract tax credits from the amount of tax you owe. There are two types of tax credits:

  • A nonrefundable tax credit means you get a refund only up to the amount you owe for taxes.
  • A refundable tax credit means you get a refund, even if it is more than what you owe.

Credits for Individuals

Family & Dependents

Health Care

Income and Savings

Education

Homeowners

 


Subtract tax deductions from your income before you calculate the amount of tax you owe. 

Deductions for Individuals

Work-Related

Investments

Education

Health Care

Itemized Deductions

Miscellaneous Deductions

 

Page Last Reviewed or Updated: 03-Apr-2017