AI Tax Answer Library

You may qualify for the Earned Income Tax Credit (EITC) if you have earned income, meet income limits, and fulfill other requirements like filing status and residency.

The Saver’s Credit is a tax credit for low- to moderate-income taxpayers who contribute to retirement plans, with credits up to $1,000 per person.

You may qualify for the Premium Tax Credit if you buy insurance through the Marketplace, earn 100-400% of the Federal Poverty Line, and meet other requirements.

Yes, a $7,500 tax credit is available for new electric vehicles in 2025 under the Clean Vehicle Credit, subject to battery and mineral sourcing rules.

Yes! You can claim a 30% federal tax credit for energy-efficient appliances (up to $1,200/year) and 30% for solar panels (no annual limit) under IRS credits 25C and 25D.

The Adoption Tax Credit allows adoptive parents to claim up to $16,810 per child in 2024 for qualified expenses like legal fees and travel; it’s nonrefundable but can be carried forward for up to five years.

Yes, you can claim the Lifetime Learning Credit for continuing education courses—including non-degree, part-time, or professional development classes—at eligible institutions, with a maximum annual credit of $2,000 per tax return.

The American Opportunity Tax Credit (AOTC) offers up to $2,500 per eligible student for qualified college expenses, with up to $1,000 refundable—even if you owe no tax.