There are a few new tax credits (and some old ones) that could help you get a refund when tax season rears its ugly head. You may qualify for one of these credits if you have children, are low-income, did not get the full economic stimulus check, deduct property taxes, OR had part of your mortgage debt forgiven.
Read about . If you read the entire story you will see I wrote it. So I can vouch for all the info! The best thing about tax credits is that they directly contribute to you getting money back. So if you owe $200 in taxes but have a $600 credit, Uncle Sam gives you a $400 refund.
Also, this year you can file your taxes electronically FOR FREE no matter what your income.
UPDATE: The first-time home buy credit of $8,000 does NOT . Thanks to reader Katharine who pointed this out!