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Additional Tax Credits

Additional Child Tax Credit - The Credit is for individuals who do not benefit from the full amount of the Child Tax Credit.  The additional Child Tax Credit may give you a refund even if you don't owe any tax.

Adoption Credit - You may be able to take a tax credit for qualifying expense paid to adopt an eligible child.  The credit may be more if the expenses are for the adoption of a child with special needs.

Child and Dependent Care Credit - You may be able to claim the credit if you pay someone to care for your child under age 13 so that you can work or look for work.

Child Tax Credit - A nonrefundable credit and may be as much as $1,000 per qualifying child depending on your income.

Coverdell Education Savings Account - This savings account can now be used to meet expenses for kindergarten though twelfth grade, tuition for private and parochial schools and expenses for state-approved home schooling, as well as college.  Contributions are not deductible; however, qualified distributions are tax-free.  Anyone can make contributions in the child's name, but the total cannot exceed the stated maximum for any one year.

Qualified Tuition Programs - This tax benefit includes programs established and maintained by one or more eligible education institutions.  The beneficiary may claim the HOPE or Lifetime Learning Credit on qualified expenses paid for with the funds distributed from the Qualified Tuition Program.