The following are some of the top credits that tax experts say should be on your radar:
1. Earned Income Tax Credit. This credit, which is geared toward people with low to moderate income levels, is a biggie. For those who qualify, the credit can be worth up to $6,242, though the amount varies based on income, how you're filing and how many dependents you're claiming. Despite being one of the most potentially lucrative credits, according to the IRS, 1 in 5 people who are eligible don't claim it.
2. Child and Dependent Care Credit. If you paid to have someone care for a child who is under 13 years old so you can work or go to school, you may be eligible for this credit, worth as much as $2,100, according to Meighan at TurboTax. He said you could also use this credit to claim as much as 35 percent of child care expenses, up to $1,050 for one dependent or $2,100 for two or more dependents.
3. American Opportunity Tax Credit. This credit can be used toward qualified education expenses for students pursuing higher education — provided the program they're enrolled in leads to a degree or other recognized education credential, BankMobile's Exantus said. The credit is worth up to $2,500 and can only be used for four tax years per student.