15 Deductions to Reduce Your Tax Bill

What if you’re overpaying your taxes without even realizing it? Every year, millions of Americans leave billions of dollars in […]

What it is: A tax credit of up to $2,000 per qualifying child under age 17.

Why it matters: For lower-income families, up to $1,400 per child is refundable, meaning you get money back even if you owe nothing.

How to claim it: The child must have a Social Security number and live with you for more than half the year.

10. State and Local Taxes (SALT) Deduction

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