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http://turbotax.intuit.com Tax credits can represent significant tax savings. Use tax credits, such as those for energy ...
efficiency, to reduce the amount of taxes you owe. Find out more about tax credits for homeowners and maximize your tax return.
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Hello, I'm Sara from TurboTax with important news on how you can save money with a tax credit. Tax credits are one of the most valuable tax saving tools you can use because they reduce the amount of tax you owe on a dollar for dollar basis. It works like this, suppose you prepare your tax return and owe $5,000. If you qualify for a $2,000 tax credit, then you will only owe $3,000. A $2,000 tax credit provides more savings in a $2,000 deduction. Assuming you deduct the $2,000 from income being taxed at 25%, your savings is only $500, so in essence, a $500 tax credit provides the same tax savings as a $2,000 deduction. Some of the tax credits offered may even be refundable. What this means is that the credit can create a tax refund for you. If you only owe $300 in tax but are eligible for a $1,000 refundable tax credit, then you should be on the lookout for your $700 refund check. To really maximize your tax savings this year, you should check and see what tax credits your state allows as well since 23 states plus the District of Columbia offer them. For more tax tips and guidance, visit TurboTax.com.
Hola, soy Sara de TurboTax con noticias importantes sobre cómo puedes ahorrar dinero con un crédito fiscal. Los créditos fiscales son una de las herramientas más valiosas de ahorro de impuestos que se pueden utilizar porque reducen la cantidad de impuestos que debes en dólar por dólar. Funciona así, supongamos que preparas tu declaración de impuestos y debes US$ 5.000. Si calificas para un crédito fiscal de US$ 2.000, entonces sólo tendrás que pagar US$ 3.000. Un crédito fiscal de US$ 2.000 proporciona más ahorro que una deducción de US$ 2.000. Asumiendo que deduces los $ 2.000 de tus ingresos al gravarse en un 25%, el ahorro es de sólo US$ 500. Así que, en esencia, un crédito fiscal de $ 500 proporciona los mismos ahorros fiscales que una deducción de US$ 2.000. Algunos de los créditos fiscales ofrecidos incluso pueden ser reembolsables. Lo que esto significa es que el crédito puede crear una devolución de impuestos para ti. Si sólo debes US$ 300 en impuestos, pero eres elegible para un crédito fiscal reembolsable de US$ 1.000, entonces debes estar al pendiente de tu cheque de reembolso de US$ 700. Para maximizar realmente tu ahorro fiscal de este año, debes comprobar y ver qué créditos fiscales tu estado permite también ya que 23 estados más el distrito de Columbia los ofrecen. Para obtener más consejos y orientación sobre impuestos, visita TurboTax.com.