Credits

Adoption Credit - Form 8839

Taxpayers who adopt an eligible child may qualify for an adoption tax credit using IRS Form 8839.

Form 8978 - Partner’s Additional Reporting Year Tax

The individual partner reports the amount on Form 8978 line 14 in their individual tax return.

Employer Paid Dependent Care Benefits

Under IRS Code §129, employers can exclude up to $7,500 ($5,000 before 2026) from an employee's wages for a dependent care assistance program.

Form 5695 - Residential Energy Credits

Form 5695 is used to calculate the nonrefundable credit for residential energy efficient property.

IRS Form 7218 - Clean Fuel Production Credit

Form 7218 is used to claim the section 45Z credit for the production of qualified clean fuel produced and sold after 2024.

IRS Form 7211 - Clean Electricity Production Credit

Form 7211 is used to claim the clean electricity production credit.

Form 8867 - Paid Preparer Knowledge Requirement and Documenting Taxpayer Responses

To satisfy the knowledge requirement for eligibility for, or the amount of, a credit claimed on a return or claim for refund, the preparer must use information that they know, or have reason to know, is correct.

Form 4136 - Credit for Federal Tax Paid on Fuels

Form 4136 is used to claim a credit for certain federal excise taxes paid on fuels.

Form 8912 - Credit to Holders of Tax Credit Bonds

Qualified tax credit bonds are bonds issued under IRC section 54A.

Form 8874 - New Markets Credit

Form 8874 is used to claim the New Markets Credit for qualified Community Development Entities (CDEs).

Form 6478 - Biofuel Producer Credit

IRS Form 6478 is used to calculate the section 40 biofuel producer credit for tax years beginning after 2017.

Form 8862 - Information To Claim Certain Credits After Disallowance

General Business Credit - Form 3800

While the name is singular, the general business credit form consists of numerous credits that may be taken by an individual who qualifies for the credit.

Form 8801 - Credit for Prior Year Minimum Tax

Form 8801 is used to calculate the minimum tax credit, if any, for alternative minimum tax (AMT) incurred in prior tax years and to calculate any credit carryforward.

Form 8834, Qualified Electric Vehicle Credit

The Qualified Electric Vehicle Credit was available for certain new electric vehicles purchased between February 18, 2009 and December 31, 2011.

Form 8911 - Alternative Fuel Vehicle Refueling Property Credit

The federal government uses a nonrefundable income tax credit as an incentive for taxpayers to install Alternative Fuel Vehicle Refueling Property.

Form 8936 - Clean Vehicle Credit

The Clean Vehicle Credit has expired.

Mortgage Interest Credit - Form 8396

The Mortgage Interest Credit is a nonrefundable credit intended to help lower-income individuals own a home.

Child And Dependent Care Expense Credit

An individual that pays someone to care for their dependents ( qualifying child under age 13, or their spouse or any dependent who is physically and mentally incapable of their own care ) while they work or look for work, may be able to claim a credit for their expenses.

How Do I Enter Multiple 1098-T's Into the Tax Return?

A college student who has transferred to a different institution during the year may receive two Forms 1098-T.

Child Care Credit When the Taxpayer or Spouse is a Student or Disabled

The Credit for Child and Dependent Care Expenses reported on Form 2441, is available to taxpayers who paid someone to look after their child or other "qualifying person" while they worked or looked for work.

2022 and prior: Form 8936 - Qualified Plug-in Electric Drive Motor Vehicle Credit

The federal government uses a nonrefundable income tax credit as an incentive for taxpayers to purchase a qualified plug-in electric drive motor vehicle.

Form 8910 - Alternative Motor Vehicle Credit

The Alternative Motor Vehicle Credit expired in 2021.

Schedule R - Credit for the Elderly or the Disabled

Taxpayers born on January 1 are considered to be age 65 the day before their 65th birthday.

Form 8880 - Retirement Savings Credit

Form 8880 is used to figure the amount of the credit a taxpayer can take for making contributions to a retirement plan.