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Child Tax Credit
You may be able to claim the Child Tax Credit, which allows you to reduce the federal income tax you owe by up to $1,000 for each qualifying child younger than 17.
Earned Income Credit
The Earned Income Credit (EIC) is a credit to reduce taxes for people who earn low-to-moderate incomes.
Buying a home is one way to reduce your income taxes. The qualified mortgage interest you pay and your real estate taxes are both deductible.
Overlooked Credits & Deductions
The IRS urges taxpayers to be sure they don't overlook several important benefits to which they may be entitled.
You now have another option and more flexibility for receiving your 2008 federal income tax refund.