But also, if you send your kids to summer camp or sports camps, so you can work, you can get this credit. People have heard of the child and dependent care credit, like for sending your kids to daycare. Camp or sports camp for your kids can be a deduction. If you're taking care of a friend, they've been crashing on your couch, and you've been supporting them for the whole year, you may be able to get a credit up to $500 for that. TRACY BYRNES: Taking care of a friend or relative is interesting, because so many people think you only get the dependent credit if you have a kid, but that's not true. And so that credit, it can be worth up to $1,000 if you're single and up to $2,000 married, filing jointly. LISA GREENE-LEWIS: The saver's credit, that's another one in the IRS reports that one in five people miss it, and it's a little-known credit that you get just for making investments into your retirement. TRACY BYRNES: The saver's credit, a lot of people don't know about this.
It can be worth over $6,000 for a family with three kids. The first one many people forget the IRS reports every year that one in five people miss out on this credit, and it's a huge credit. The first, Lisa, the earned income tax credit. Lisa green Louis, CPA and turbotax expert, is here with us right now to start and give you a list of the top 10 that you need to remember. There are so many overlooked tax deductions and credits that people forget.