Tax Credit

Adoption Credit | Internal Revenue Service

Nonrefundable federal credit that reimburses qualified adoption expenses and certain adoption fees.

Amount: Up to $16,810 per eligible child for tax year 2024 Deadline: Apr 15, 2025 Location: United States

American Opportunity Tax Credit | Internal Revenue Service

Partially refundable credit that helps cover qualified higher-education expenses for the first four years of postsecondary study.

Amount: Up to $2,500 per eligible student (40% refundable, up to $1,000) Deadline: Apr 15, 2025 Location: United States

CalEITC 2025: California's $3,529 Cash Boost for Workers

Refundable state tax credits that boost refunds for low-income California workers and families with young children.

Type: Benefit Amount: Up to $3,529 (CalEITC) + $1,117 (Young Child Tax Credit) Deadline: Apr 15, 2025 Location: California

Canada Child Benefit

Tax-free monthly payment from the Government of Canada to help eligible families cover the cost of raising children under age 18.

Type: Benefit Amount: Up to CAD $7,437 per child under 6 and $6,275 per child aged 6–17 (2024-25 rates) Deadline: Apply anytime Location: Canada

Canada SR&ED Tax Incentive Program

Federal tax credits supporting Canadian businesses that conduct scientific research and experimental development.

Type: Grant Amount: Refundable and non-refundable tax credits up to 35% of eligible expenditures for Canadian-controlled private corporations Deadline: Dec 31, 2025 Location: Canada

Child and Dependent Care Tax Credit: Save Up to $2,100

Claim a federal tax credit for up to 35% of your childcare or dependent care expenses, reducing your tax bill by hundreds or thousands of dollars.

Type: Benefit Amount: Up to $2,100 (35% of $6,000 in expenses) Deadline: Apr 15, 2025 Location: United States

Child Tax Credit (CTC) & Earned Income Tax Credit (EITC) Introduction | Department of Revenue - Taxation

Refundable state credits that mirror and enhance the federal EITC and Child Tax Credit for Colorado families.

Amount: CO EITC up to 50% of federal credit; CO Child Tax Credit up to $1,200 per child Deadline: Apr 15, 2025 Location: Colorado

Child Tax Credit | Internal Revenue Service

The Child Tax Credit (CTC) reduces federal income tax for eligible families and can provide a refundable Additional Child Tax Credit.

Amount: Up to $2,000 per qualifying child under age 17 (up to $1,600 refundable for 2024 returns) Deadline: Apr 15, 2025 Location: United States

District of Columbia Schedule H: Individual Income Tax Credit for Homeowners and Renters

Refundable credit that reimburses a portion of property taxes or rent paid by low- and moderate-income District residents through the individual income tax return.

Type: Benefit Amount: Up to $1,250 for homeowners and $1,000 for renters, phased by income Deadline: File Form D-40 with Schedule H by April 15 (automatic six-month extension available) Location: District of Columbia

Earned Income Tax Credit (EITC) | Internal Revenue Service

The Earned Income Tax Credit (EITC) is a refundable federal tax credit for low- and moderate-income workers and families.

Amount: Up to $7,830 for tax year 2024 (families with three or more qualifying children) Deadline: Apr 15, 2025 Location: United States