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IRS.gov Website
Publication 907
taxmap/pubs/p907-002.htm#en_us_publink10008648

Tax Credits(p5)

rule
This discussion highlights three tax credits which may lower your tax due and may be refundable.
taxmap/pubs/p907-002.htm#en_us_publink10008649

Child and Dependent Care Credit(p5)

rule
If you pay someone to care for your dependent under age 13 or your spouse or dependent who is not able to care for themselves, you may be able to get a credit of up to 35% of your expenses. To qualify, you must pay these expenses so you can work or look for work. The care must be provided for:
  1. Your qualifying child who is your dependent and who was under age 13 when the care was provided;
  2. Your spouse who was not physically or mentally able to care for themselves and lived with you for more than half the year; or
  3. A person who was not physically or mentally able to care for themselves, lived with you for more than half the year, and either:
    1. Was your dependent, or
    2. Would have been your dependent except that:
      1. He or she received gross income of $3,950 or more,
      2. He or she filed a joint return, or
      3. You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2014 return.
You can claim the credit on Form 1040 or 1040A. You cannot claim the credit on Form 1040EZ or Form 1040NR-EZ. You figure the credit on Form 2441.
For more information, see the instructions for Form 1040, line 49, or Form 1040A, line 31, and Publication 503, Child and Dependent Care Expenses.
taxmap/pubs/p907-002.htm#en_us_publink10008650

Credit for the Elderly
or the Disabled(p5)

rule
You may be able to claim this credit if you are a U.S. citizen or a resident alien and either of the following apply.
You can claim the credit on Form 1040 or 1040A. You figure the credit on Schedule R, Credit for the Elderly or the Disabled.
For more information, see the instructions for Form 1040, line 54; Form 1040A, line 32; and Publication 524, Credit for the Elderly or the Disabled.
taxmap/pubs/p907-002.htm#en_us_publink10008651

Earned Income Credit(p5)

rule
This credit is for people who work and have a qualifying child or who meet other qualifications. You can get the credit if your adjusted gross income for 2014 is less than:
To figure the credit, use the worksheet in the instructions for Form 1040, 1040A, or 1040EZ. If you have a qualifying child, also complete Schedule EIC, Earned Income Credit, and attach it to your Form 1040 or 1040A. You cannot use Form 1040EZ if you have a qualifying child.
taxmap/pubs/p907-002.htm#en_us_publink10008652

Qualifying child.(p6)

rule
To be a qualifying child, your child must be younger than you (or your spouse if married filing jointly) and under age 19 or a full-time student under age 24 at the end of 2014, or permanently and totally disabled at any time during 2014, regardless of age.
taxmap/pubs/p907-002.htm#en_us_publink10008653

Earned income.(p6)

rule
If you are retired on disability, benefits you receive under your employer's disability retirement plan are considered earned income until you reach minimum retirement age. However, payments you received from a disability insurance policy that you paid the premiums for are not earned income.
taxmap/pubs/p907-002.htm#en_us_publink10008654

More information.(p6)

rule
For more information, including all the requirements to claim the earned income credit, see the instructions for Form 1040, line 66a; Form 1040A, line 42a; Form 1040EZ, line 8a; and Publication 596, Earned Income Credit (EIC).