Know 5 Major Tax Credits in San Diego That CPA Recommends

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Know 5 Tax Major Credits in San Diego That A
CPA Recommends

• www.abbotax.com

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Earned Income Tax Credits

• This is a very powerful tax deduction, and one
  that you can potentially activate if you are over
  the age of 25, and younger than 65. This is an
  income-dependent tax that looks at various
  elements of your working life.
• Its usually for people who are employed by a
  business, although self-employed people can
  qualify as well. Its very useful for helping to
  cut back a decent little amount, when eligible.

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American Opportunity Tax Credits

• This helpful solution is made up for those who
  wish to try and make some form of long-term
  investment. Those with the least income get the
  best credit options.
• Its a good way for low income people to start
  building up a good retirement account and to make
  sure they have the money that they need to live a
  happy and healthy life. This is going to be very
  important for the future, as more people on
  shorter-term and less table incomes try and build
  retirement funds.

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Child Dependent Care Credit

• Another useful tax credit that you can get access
  to, this is for those with kids under the age of
  13. Its also there for those who looking after
  someone who cannot care for themselves. It can
  give you up to 35 of qualifying expenses, making
  it a useful ally for anyone who wants to make
  home life a little easier.

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Lifetime Learning Credit

• The last credit we want to look it as known as
  Lifetime Learning, and is used for those going to
  a further education cost its available for any
  year of post-secondary school education, not just
  year one. The credit can be as much as 2,000 for
  those earning 55,000 or less.

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Contact

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• 303 A Street Suite 300San Diego, CA 92101
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