Credits & Deductions

Standard Deduction or Itemize: The 2026 Numbers
The 2026 standard deduction is $16,100 single, $32,200 joint, and $24,150 head of household. Here is how to tell whether…

The Child and Dependent Care Credit, Explained
The child and dependent care credit covers up to $3,000 of care costs for one child and $6,000 for two,…

The Child Tax Credit in 2026: Amount and Phaseouts
The Child Tax Credit is $2,200 per child in 2026, with up to $1,700 refundable. Here is who qualifies and…

The Earned Income Tax Credit: Who It Is For in 2026
The EITC is worth up to $8,046 on 2025 returns filed in 2026, yet about one in five eligible workers…

The Saver’s Credit: A Tax Match for Retirement Savers
The Saver’s Credit pays back up to half of your first $2,000 in retirement contributions if your income qualifies. Most…