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Using Credits and Rebates on a Tax Return

How do I claim my tax credits?

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Art Auerbach
Tax Director, Goodman & Company, LLP
http://www.goodmanco.com/  

Serving clients since 1932, Goodman & Company brings 75 years of knowledge and experience to the demands of today's ever-changing business environment. Throughout the past 75 years, we've never strayed from our mission-to provide each client with personal, high-quality service using the most up-to-date technology and resources.

How do I claim my tax credits?

Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.

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Host: How do I claim my tax credits?

Arthur Auerbach: You claim your tax credits generally on Page 2 of form 1040. Some of the credits require an additional form to be filed. So Child Care credit would be form 2441. Foreign tax credit would be form 1116. There is a form in the 8000 series to claim the Education credits. The Health credit or the Lifetime Learning Credit. So depending upon what the credit is, there maybe more filing than just entering a number on the tax form.

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