1. Selling Assets: Generally, if you have a garage sale at your home, you will likely have no income that would be subjected to tax. The reason for this is that the likelihood is extremely low that you would have sold any of the assets at that garage sale for more than what you have…Read more
American Opportunity Tax Credit is a credit for qualified education expenses paid for an eligible student for the first four years of higher education.You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining…Read more
Here is a list of some of the business tax credits available.
Here is a list of some of the personal tax credits available.