2017 income tax fundamentals chapter 6

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Chapter 6: Credits and Special Taxes Chapter Contents

Chapter 6 Credits and Special Taxes Chapter Introduction 6­1 Child Tax Credit 6­2 Earned Income Credit 6­2a Does the Taxpayer Qualify? 6­2b Does the Taxpayer Have a Qualifying Child? 6­2c Taxpayer with No Qualifying Child 6­2d Taxpayer with a Qualifying Child 6­2e What Is the Amount of the EIC? 6­3 Child and Dependent Care Credit 6­3a Qualified Expenses 6­3b Allowable Credit 6­4 The Affordable Care Act 6­4a Individual Shared Responsibility 6­4b Premium Tax Credit 6­5 Education Tax Credits 6­5a American Opportunity Tax Credit 6­5b Lifetime Learning Credit 6­5c Using Both Credits 6­6 Foreign Tax Credit 6­7 Adoption Expenses 6­7a Adoption Credit 6­7b Domestic Multiyear Adoptions 6­7c Foreign Multiyear Adoptions 6­7d Employer­Provided Adoption Assistance 6­7e Coordination of Adoption Credit and Exclusion 1/2


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