At this point my opinion on tax credits it's exhausting. I'm confused on how you could have children living in your home in high school seniors 17 18 years old that you're taking care of full time yet you don't get a credit for that that's not fair I claimed three children 16 17 18 that's lived with me full time as a single parent no child support no help yet I only got credit for one kid I'm grateful for the credit but I just don't see how that's fair if you're still in high school I should be able to get credit for all three

It seems like tax credits mostly depend on whether you itemize or not. Because for some of us the standard deduction is enough, we look longingly at those who can itemize.  On the other hand, it can be such a pain gathering every little receipt just to have a only percentage of your deductions count.  So, it's often not worth the trouble.  It is too bad that there isn't more incentive to make charitable contributions, though the bulk of us try to donate something regardless of being able to deduct. 

Regarding whether crypto made financial transactions easier or more complicated, there just doesn't seem to be enough reliable information about what this parallel monetary system is or why we as rank-and-file folks should participate in it.  The stock market can be confusing enough.  Who knows why the value of Bitcoin or Ethereum rises or falls?  I, for one, will be standing on the sidelines until the government sets down clear guidelines for transparent dealings.  The term "crypto" by definition implies "hidden", so I'd want to know whether my hard-earned money would grow or worse, be swallowed up into some hidden "black hole" without fully knowing why.  Just my two cents!

I am grateful for TurboTax making it so easy to help me determine what tax credits I qualify for, the software makes filing my taxes less stressful. This year I was able to claim EIC and Additional Child Tax Credit.

I'm not interested in using Crypto due to it being a new form of currency and all the bad press that's been exposed from "elite" abusing their knowledge and access to it. I'm a pessimist who believes slow and steady wins the race. There's no hard and fast way to "beat the system." I'm also a woman trying to take a deeper dive and get a handle on ways to build my wealth. There's so much in the world of finance I don't understand and I'm ok with that, however, I won't made to feel like I'm less intelligent or incapable of harnessing my own wealth because of it. 

I love tax credits as they help me ensure that my unique situation is helping me balance out how much money I owe to the government. It allows me to benefit from my situation!

I learned about QBI this year. Also learned that Charitable Donations are helpful in the itemize deductions and in future i will save all the receipts. 

Hi all, this is a reminder that a Credit is far better than a Deduction since all of the number is deducted from the amount of tax you owe while the deduction only gives you your tax percent as a credit.  Understand?  If you get $100 credit it reduces your tax liability by $100 while if you take a Deduction and are in the 15% tax bracket it only reduces your tax liability by $15.  REMEMBER Credits over deductions!

TurboTax I love I file my taxes every year with them.  Great service 

I use tax credits instead of deduction for Foreign Taxes paid.  The credit is worth more than the deduction when applied to our taxes.

I recently learned about renewable energy tax credits. These are incentives provided by governments to encourage the adoption of renewable energy technologies. The most significant one is the Investment Tax Credit (ITC), which provides a credit for a percentage of the cost of installing qualifying renewable energy systems.  I believe the ITC offers a credit of 26% for solar energy systems installed on residential and commercial properties. 

I didn't realize that my home office was deductible this year. I used the simple method and it reduced my expenses.

I got a surprise this year with the EIC Earned Income Credit. For the first time we were not eligible for the credit because of income limits. This caused us to owe on our taxes this year. Pay close attention to the IRS tables and make adjustments during the year. For reference

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned...

Using Inuit Turbotax has made filing much easier. I have not used Crypto at all only because I do not have the capital to invest meaningfully. I do plan on investing assets into this sector in the near future, especially since there are investment products that allow more people to diversify through a mutual fund.