One of the most valuable tax credits the IRS offers in 2025 is the Earned Income Tax Credit. Taxpayers often refer to it as the EITC. This could be the one that may be yours if you have a low-to-moderate income.
If you qualify for the Earned Income Tax Credit, but you have no children, you can only get up to $632. Having a qualifying child can boost your tax refund. The IRS claims that the maximum amount of credit with 1 kid is $4,213. If you have 2 kids, you can get up to $6,960. Do you have 3 or more kids? It could be up to $7,830.
IRS offers the Child Tax Credit
Another great opportunity to receive a higher tax refund during the 2025 tax season is the Child Tax Credit. What is more, some taxpayers may qualify for the Additional Child Tax Credit.
These are tax credits for taxpayers who claim a kid as a dependent. Of course, your child must meet the eligibility requirements the IRS established. In 2025, the maximum amount of CTC if you have a qualifying kid is $2,000.
Bear in mind that the refundable part of the Additional Child Tax Credit is worth up to $1,700 for a single child. So it could be higher if you have more than one qualifying child.
3 more credits from the IRS
The last three tax credits some taxpayers may qualify for are:
- The American Opportunity Tax Credit: It is available for college students
- The Saver’s Credit: if you have a retirement savings account
- The Premium Tax Credit
The AOTC can provide eligible taxpayers with a maximum credit of $2,500 per student. As a matter of fact, you could get up to $1,000 refunded to you. Next, Saver’s Credit. A single person can get up to $2,000 from the Retirement Savings Contributions Credit.
Last but not least, the Premium Tax Credit is a refundable tax credit that helps eligible taxpayers cover the premiums for their health insurance. However, they must have been purchased through the Health Insurance Marketplace.