2009 Money moves: Take advantage of tax credits

Tax credits are one sure way to put money in your pocket. A credit is a direct reduction of the amount of tax you owe, so it can be very valuable. Some of them are even refundable, meaning that you can get tax money back even if you didn't pay in.

Three key tax credits are often overlooked by taxpayers, and the Internal Revenue Service has no responsibility to let you know that you could claim them. So it's important to make sure you claim everything you're entitled to claim.

The child care credit can be used by those who put their small children in daycare or with a babysitter so they can attend work or school. Make sure to get documentation from your daycare provider about the total amount you paid during the year, as well as the provider's social security number or federal identification number. You'll need that number to get the credit on your tax return. The credit can be up to $1,050 per child in daycare, but the actual amount depends on your daycare expenses and your income.

Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.
What to Do After You've Filed an Income Tax Extension
No matter how or when you file your taxes, here's a guide to next steps.
Read MoreBrought to you byTurboTax.com
Child Tax Credit Calculator and Top 7 Requirements
The Child Tax Credit can significantly reduce your tax bill if you meet all seven requirements: 1. age, 2. relationship, 3. support, 4. dependent status, 5. citizenship, 6. length of residency and 7. family income. You and/or your child must pass all seven to claim this tax credit.
Read MoreBrought to you byTurboTax.com
7 Smart Ways to Invest Your Tax Refund
You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you.
Read MoreBrought to you byTurboTax.com
How to Pay Taxes: 10 Ways to Pay Your Tax Bill
You know you owe taxes, but you may not be aware of all the available options for getting that money to the IRS.
Read MoreBrought to you byTurboTax.com