Lower your tax bill by taking advantage of deductions and tax credits. Tips for preparing your taxes.

Claiming tax credits is an important step in reducing your taxes. Find out about the tax credits you may qualify for.

Tax Credits for Energy-Efficient Home Repairs

Qualifying vehicles purchased on or after January 1, 2006, will be eligible for a tax credit ranging from $400 to $3,400 based on fuel economy. The hybrid car tax credit is actually a combination of two separate tax credits. The math is complicated,

Hybrid Tax Credit: New Tax Credit Starting in 2006

Hybrid Tax Credit: Figuring the Maximum Credit Allowed

Tax Credits for Energy-Efficient Home Improvements

You qualify for the adoption tax credit if you adopted a child and paid out-of-pocket expenses relating to the adoption.

Americans working abroad may claim a foreign tax credit on their US federal income tax return. Investors in foreign securities and international mutual funds can also claim a foreign tax credit for taxes withheld from their foreign investments. Find

If you have children, you qualify for the Child Tax Credit. Find out how to fill out the child tax credit worksheet and if you need to file IRS Form 8901.