If you had the opportunity to receive a refund from the IRS or pay less tax legally than you thought you had to, would you take the opportunity or just let it pass you by? 9.9 times out of 10, you’d jump at the opportunity, and why wouldn’t you?
Despite there being numerous ways of paying the IRS fewer taxes, and indeed, of claiming back taxes and expenses that you weren’t aware you could, it turns out that every year, countless US citizens across the nation pass up these very opportunities by failing to take advantage of the IRS federal tax credits that they are legally entitled to.
Tax season may still be quite a way away yet, but it’ll soon be here before you know it and the last thing you want is to leave it until the last minute when filing your return, or worse still, to pay more tax than you should. If you are looking to reduce your tax liability, or even potentially enjoy a tax rebate from the taxman himself, familiarizing yourself with the various tax credits out there is highly recommended.