The provided sources offer a comprehensive overview of several major U.S. federal tax credits and deductions relevant to individual filers for the 2025 tax year, often referencing changes from the prior year. Specifically, the material explains the significant features of the 2025 Adoption Tax Credit, detailing its increased nonrefundable amount, partial refundability, income phase-outs, and eligible expenses, alongside mentioning various state-level adoption tax benefits. The IRS-related documents clarify the difference between tax credits (which reduce tax owed) and deductions (which reduce taxable income), emphasizing the benefits of refundable credits like the Earned Income Tax Credit (EITC), with one source providing 2025 income limits for the EITC. Furthermore, the sources cover changes to the Child Tax Credit (CTC), the purpose and limitations of the Child and Dependent Care Tax Credit (CDCTC) for working families, new deductions for qualified tips, overtime compensation, and passenger vehicle loan interest, and the requirements for claiming the Saver’s Credit for retirement savings.