Free Tax Deduction Maximizer Turbo Charges Online Tax Deductions

Learn how to claim more federal and state tax deductions and credits.

Claiming more tax deductions is the key to paying less tax and getting a bigger tax refund. Unfortunately, too many people are not aware of the more than 350 tax deductions and credits that the federal and state governments allow us.

Most people just don’t have time to search through the long list of overlooked tax deductions, but there’s a new tool that will do it for you. The 2006 Tax Deduction Maximizer looks for tax deductions and credits and then determines if you can claim them.

Here are some tax deductions and credits you may be missing out on:

1. The Bush Federal Energy Tax Credit. If you have made home improvements to save energy in your home, then you may qualify for the new energy tax credits. From new insulation to new windows, doors, water heaters, electric heat pumps, solar equipment, circulation fans, air conditioners and more, you can get up to a $500 credit on your 2006 federal income tax return.

2. A child tax credit of $1,000. The IRS recognizes that having and raising children can create an additional financial burden. You may qualify for a tax credit of $1,000 per child. The amount of child tax credit you can claim is adjusted based on your income.

3. Child care tax credit or dependent care credit. If you have children or a dependent who you pay someone else to care for while you look for work or while you work, you probably qualify for this tax break. This child and dependent care tax credit can result in a larger tax refund!

4. Earned Income Credit. If you were married and earned less than $37,263 ($35,263 for single or head of household) in 2006, you may qualify for this tax credit, or even a refund check.