Tax Credits Mnemonic

  • Creator
    Topic
  • September 25, 2015 at 8:25 pm #197177
    ItllBeOverSoon
    Participant

    Just thought of this mnemonic device for Tax Credits… I’m pretty proud of it so I thought I’d share it, haha 🙂

    “REG FACE, WE ACE”

    Personal tax credits (REG FACE):

    Retirement savings contribution credit

    Elderly and permanently disabled credit

    General business credit

    Foreign tax credit

    Adoption credit

    Child and dependent care credit

    Education credits

    Refundable credits (WE ACE):

    Withholding taxes (W-2)

    Earned income credit

    American opportunity credit

    Child tax credit

    Excess Social Security paid

    Let’s get our REG face on and ACE these exams, guys!!

    FAR - 76
    AUD - 84
    REG - 84
    BEC - 87

    Used Becker Self-Study.
    I can't believe I'm done!

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