Claiming Your Credits

From your initial tax bill, you will subtract any of the nonrefundable tax credits that apply to you in 2007:

• the credit for child and dependent care expenses
• the credit for the elderly or the disabled
• the child tax credit
• the education credits
• the adoption credit
• the foreign tax credit
• the mortgage interest credit, claimed on Form 8396
• the District of Columbia first-time homebuyer credit, claimed on Form 8859
• the credit for prior year's minimum tax, claimed on Form 8801
• the credit for a qualified electric vehicle, claimed on Form 8834
• the general business credit
• the empowerment zone employment credit

Note that none of these credits can be claimed on Form 1040EZ, and only the first five can be claimed on Form 1040A. The full list of credits may be claimed on Form 1040.