Tax Credits
Parents are no longer able to receive the $3,000 child tax credit when their child reaches this age.
What is 18?
The "IRS" stands for this.
What is the Internal Revenue Service?
This form is used to file your individual income taxes.
What is a 1040?
You may be eligible for this credit if you pay taxes to other countries during the year.
What is the Foreign Tax Credit?
Willful failure to pay taxes is known as ____ ____.
What is tax evasion?
This form is issued to you by your employer and shows wages and taxes withheld for the year.
What is a W-2?
You may be eligible for this type of credit if you install solar panels or energy efficient water heaters.
What is a residential energy credit?
An examination of your tax return by the IRS.
What is an audit?
This schedule on Form 1040 reports interest and dividends.
What is Schedule B?
This amount is the maximum credit for qualified electric or eco-friendly vehicles.
What is $7,500?
The statute of limitations on your tax return is generally this number of years, assuming there is no fraud.
What is three years?
This form that is issued to you reports mortgage interest to put on your tax return.
What is a Form 1098?
This credit is available for the first four years of post-secondary education.
What is the American Opportunity Tax Credit?
The IRS is an agency of this department and has its headquarters in Washington, D.C.
What is the Department of the Treasury?
Unemployment compensation is reported to you on this form.
What is a 1099-G?