Which Tax Credits Were Created in 2013?


Quick Answer

Tax credits created in 2013 include the Earned Income Tax Credit for people who work but do not earn much, with a maximum of $5,891 and the Child and Dependent Care Credit for care expenses of a qualifying child or disabled dependent. Other tax credits are the Child Tax Credit for qualifying children under age 17 and the Retirement Savings Contribution Credit, states the IRS.

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Full Answer

Another tax credit created in 2013 is the American Opportunity Tax Credit that helps individuals pay for their higher education. Individuals should make sure they qualify prior to claiming tax credits when filing their taxes, reports the IRS.

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