Transcript for Thousands of Dollars in Tax Credits You May Be Missing
Tax season of course, is here. Millions of Americans repairing their returns, but many families are missing tax credits you may not know about leaving possibly thousands of dollars unclaimed. Here's ABC's Rebecca Jarvis tonight tracking your money. Reporter: Tonight, the thousands of dollars in tax refunds you might be missing out on. The earned income tax credit. Available to eligible families earning less than $53,505, and it could be worth more than $6,000. It's very important to file for this credit. But about 20% of people don't realize that, and they are missing out. Reporter: Another often-omitted money safer? The child and dependent care credit, helping to cover childcare costs for eligible working families with kids under 13. It could be worth up to $2,100. Finally avoid the simple mistakes, double check your work. We tagged along with the liau family in New Jersey last year, as they did their taxes. I realized I basically had made the mistake in terms of inputting information in. Reporter: Once they fixed the numbers, the liau's more than doubled their refund. Finally, David, if you can identi identity itemize, you should. While the standard deduction helps lower your tax bill, it typically pays to put in a little time, gather up those receipts and itemize. David? Don't leave any money on the table. Rebecca, thank you.
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