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10 Best Tax Credits (IRS Approved)

When it comes to reducing our taxes, there are many different ways to do it. But one of the most straightforward and best tax reduction levers is tax credits. So in this video, I review the 10 best tax credits you want to be aware of. Disclaimer: Please don’t take this as tax advice. This video has been prepared for informational purposes only. Tax rules are constantly changing, so for the latest information, please refer to the IRS Website (https://www.irs.gov/). Timecodes: 0:00 - Intro 0:27 - Tax Credit 101 4:07 - Premium Tax Credit (PTC) 5:35 - American Opportunity Tax Credit (AOTC) 6:36 - Lifetime Learning Credit (LLC) 7:23 - Child Tax Credit (CTC) 8:03 - Child & Dependent Care Credit (CDCC) 9:05 - Adoption Credit 9:43 - Saver’s Credit 10:53 - The Earned Income Tax Credit (EITC) 11:39 - Energy Efficient Home Improvement Credit 12:30 - Residential Clean Energy Property Credit ------------ Premium Tax Credit - https://www.irs.gov/affordable-care-a... AOTC - https://www.irs.gov/credits-deduction... LLC - https://www.irs.gov/credits-deduction... CTC - https://www.irs.gov/credits-deduction... Child and Dependent Care Credit - https://www.irs.gov/taxtopics/tc602 Adoption Credit - https://www.irs.gov/taxtopics/tc607 Saver’s Credit - https://www.irs.gov/retirement-plans/... EITC - https://www.irs.gov/credits-deduction... Energy Credits - https://www.irs.gov/credits-deduction... ------------ LINKS: ► Get My Weekly Newsletters: https://www.financialtortoise.com/new... ► Favorite Books: https://www.financialtortoise.com/bes... DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.