Federal Tax edits

A tax edit reduces your tax paymts. It’s similar to keeping bigger slices of an le: the more tax edits you claim, the more of your you get to keep (and deease your tax paymts in the process!).

Tax deductions are similar to tax edits. They can help you reduce your taxable income and inease your tax refund.

Wh you prepare your tax return on efile.com, we will automatically gerate the correct form(s) for you to report your tax edit or deduction based on the information you provide.

In order to claim most tax edits (except some retiremt contributions) for the currt Tax Year, the paymts or expses have to occur during the Tax Year or no later than December 3.

Take a little time to learn more about these tax edits now and you may save hundreds or thousands of dollars on your tax return: 

ATTTION: See extended or expired tax breaks, tax credits, and tax deductions.


The Child Tax Credit is worth up to $,000 for each qualifying child. This tax edit is meant to provide help to parts with qualifying childr. The Child Tax edit is differt from the Child and Dependent Care Credit.

eFile Tax Tip: Use the FREE efile.com “KIDucator” child tax credit tax tool to find whether or not you qualify for the Child Tax edit.

There are certain cases where you may claim a deduction on family-related expses if you are in the process of looking for a job. Depding on the particulars of the situation, you may reduce your tax by claiming the Child and Dependent Care Tax Credit on your federal income tax return for any expses related to paymts made to someone to care for a child under the age 3, a qualifying spouse, or a depdt.

The Adoption Tax Credit is designed to help parts with the expses involved in adopting a qualified child. An eligible child is any child under 8 or a child with special needs that lacks the ability to care for him or herself. The maximum available Adoption Tax edit amount for Tax Year 208 is $3,840 per qualifying child.

More information on children tax credits

More tax credits for parents with dependents and children

You may be able to claim the Credit for the Elderly or the Disabled if you are 65 years of age or older, or if you retired on total and permant disability and have taxable disability income. To take the edit, however, your income must not exceed certain limits.


The Earned Income Tax Credit (EITC) is a edit for taxpayers who earn low to moderate incomes. EITC can reduce your taxes and may result in a tax refund. This means more ing families and individuals may keep more of the they earned. 

eFile Tax Tip: Use our FREE “EICucator” earned income tax credit tax tool to find out whether or not you qualify to claim the edit on your Tax Return.

The Foreign Tax Credit was implemted to reduce a double tax burd for citizs earning income outside of the United States—once by the United States and again by the foreign country where the income is derived.


Individual taxpayers and families may be able to claim the refundable Premium Tax Credit if they have low to moderate incomes and purchased health through the Health Marketplace at HealthCare.gov. They can have the edit paid in advance to their company in order to deease their monthly premium paymts or claim all of the edit on on their tax return.


There are two major education tax credits available for both new and continuing studts: the n Opportunity edit and the Lifetime Learning edit. Each edit offers special advantages to studts but both edits may not be claimed by the same studt in the same year.

eFile Tax Tip: See our complete list of many student tax related topics.


The Saver’s Credit, formerly known as the Retiremt Savings Contributions edit, helps middle-income families to save for retiremt (especially if they contribute to a retirement plan).

For Tax Year 208, the Saver’s edit allowed taxpayers to reduce their income tax dollar-for-dollar by up to $,000 ($2,000 for married filing jointly). The exact amount of the edit depds on their income, filing status, and the total amount of their qualified contributions.


U.S. citizs and residt alis from the United States ing or living in a foreign country during the year are allowed the same tax edits as U.S. citizs and residts from the U.S. living in the United States. Check out our detailed summary on tax credits for Americans living or working abroad.

Tax Credit Planning Tips

Qualify for Tax Deductions

All-Year Tax Planning Tips

See if you qualify to claim tax deductions and edits by using the efile.com free tax tools!