A credit generally reduces tax owed; a deduction generally reduces income subject to tax. Some credits are refundable. Eligibility and documentation matter more than a headline promising savings. IRS Credits And Deductions
Describe What Changed
Tell your preparer about dependents, education costs, childcare, retirement contributions and other relevant changes. A familiar credit name does not establish that you qualify.
Gather Supporting Records
Bring the statements, receipts and other documents connected to the item you want reviewed. Note reimbursements or assistance received so the discussion includes the full situation.
Compare The Appropriate Deduction Method
Standard and itemized deductions follow different rules. Itemizing is not automatically better, and some taxpayers cannot use the standard deduction. Review the applicable filing status and records before choosing.
Use The Rules For Your Tax Year
Amounts, limits and eligibility can change. Avoid applying a social-media example or an older return’s treatment to a new year without checking current guidance. Explore individual tax preparation.
Reviewed October 13, 2026. This guide does not determine eligibility or promise a refund.