Tax Resources
The standard deduction reduces your taxable income and varies based on your filing status (single, married filing jointly, head of household, etc.). This page provides current year amounts and special rules for taxpayers who are 65+ or blind.
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families reduce taxes owed and potentially increase refunds. Requirements include income limits, qualifying children (if applicable), and U.S. citizenship or resident alien status.
The Child Tax Credit provides up to $2,200 per qualifying child under age 17. Requirements include the child having a valid Social Security number, meeting relationship and residency tests, and income limits based on your filing status.
Head of Household filing status offers a higher standard deduction and lower tax rates than single filers. To qualify, you must be unmarried (or considered unmarried), pay more than half the cost of keeping up a home, and have a qualifying person living with you for more than half the year.
Form W-4 tells your employer how much federal income tax to withhold from your paycheck. Properly filling out your W-4 helps ensure you don't owe taxes or receive too large a refund at year-end. The form includes worksheets to help you calculate the correct withholding.
Form W-4 tells your employer how much federal income tax to withhold from your paycheck. Properly filling out your W-4 helps ensure you don't owe taxes or receive too large a refund at year-end. The form includes worksheets to help you calculate the correct withholding.
To claim someone as a dependent, they must be either a qualifying child or qualifying relative and meet specific tests including age, relationship, residency, support, and citizenship requirements. Claiming dependents can qualify you for valuable tax credits and deductions.