What Are the Tax Credits for 2025?

Child Tax Credit (CTC)

The Child Tax Credit provides up to $2,000 per qualifying child under 17. This credit begins to phase out for single filers earning over $200,000 and married couples filing jointly earning over $400,000.

Earned Income Tax Credit (EITC)

The EITC benefits low to moderate-income workers. For 2025, the maximum credit ranges from $560 (no children) to $6,935 (three or more children), depending on income and filing status.

Education Tax Credits

The American Opportunity Credit offers up to $2,500 for tuition, while the Lifetime Learning Credit provides up to $2,000 for education expenses.

Energy-Efficient Home Credit

Homeowners can claim up to 30% of costs for energy-efficient upgrades like solar panels and windows.

Electric Vehicle (EV) Tax Credit

Buying a qualifying electric vehicle could earn you a tax credit of up to $7,500, depending on battery size and eligibility.