Lost Opportunity: 5 Missed Tax Credits

by Beth Davies, studioD

Missing a deduction is bad enough -- without that break to reduce your taxable income, you could end up with a smaller refund or a bigger bill. Missing a credit is worse: Credits reduce your tax bill dollar for dollar. Plus some are refundable, which means you could actually earn a refund instead of just reducing your bill to zero. On the plus side, it can be easy to make the most of credits and maximize the amount of your refund.

College Costs

Retirement Savings

Green Improvements

Child Care

Foreign Tax

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I'm a full-time personal finance writer based in the New York City area. I have expertise in business, shopping, food, home and garden topics.

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