$400 Tax Credit per Person – Schedule M
I’ve got good news and I’ve got bad news.
The good news: many tax payers can claim a $400/person or $800/couple tax credit.
The bad news: you have to fill out another tax form – Schedule M.
TaxGirl.com has some good articles on the subject. It’s a bit confusing.
This is one good reason to have a career in tax accounting – you’ll always have a job.