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Tax Credits

Tax credits are reductions in the amount of tax that an individual or business is required to pay. Tax credits may be available for a variety of reasons, such as to encourage certain activities, such as charitable giving or energy-efficient home improvements, or to provide financial assistance to low-income taxpayers. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to tax credits.

ACA Health Insurance Marketplace: What It Is, How to Use It, and Key Benefits Thumbnail

ACA Health Insurance Marketplace: What It Is, How to Use It, and Key Benefits

Alessandra Nicole

Ad Valorem Tax: Definition, Examples, and How It's Calculated Thumbnail

Ad Valorem Tax: Definition, Examples, and How It's Calculated

Andrew Latham

Qualified Dividends: Tax Rates and Holding Rules Thumbnail

Qualified Dividends: Tax Rates and Holding Rules

Andrew Latham

EV Tax Credit 2026: How to Qualify for Up to $7,500 on a New or Used Electric Vehicle Thumbnail

EV Tax Credit 2026: How to Qualify for Up to $7,500 on a New or Used Electric Vehicle

Andrew Latham

What Is Sales Tax? How It Works and How Rates Vary by State Thumbnail

What Is Sales Tax? How It Works and How Rates Vary by State

Andrew Latham

What Is A Student Loan Debt Relief Tax Credit? And How To Qualify Thumbnail

What Is A Student Loan Debt Relief Tax Credit? And How To Qualify

David Hodges

What Is a Tax Deduction? Definition, Types, Examples Thumbnail

What Is a Tax Deduction? Definition, Types, Examples

Andrew Latham

IRS Form 1040-X: Explanation, Filing Process, and Real-Life Scenarios Thumbnail

IRS Form 1040-X: Explanation, Filing Process, and Real-Life Scenarios

Silas Bamigbola

Form 1065: What It Is and Who Needs to File It Thumbnail

Form 1065: What It Is and Who Needs to File It

SuperMoney Team

Withholding Allowance: How It Works and When to Update Thumbnail

Withholding Allowance: How It Works and When to Update

Silas Bamigbola

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Learn About Tax Credits

Thumbnail for Blog Article: When Preparing Your Taxes, What Can Help Reduce The Amount Of Taxes You Owe?

When Preparing Your Taxes, What Can Help Reduce The Amount Of Taxes You Owe?

Benjamin Locke

Thumbnail for Blog Article: Bank Rejected Tax Refund: What Can You Do?

Bank Rejected Tax Refund: What Can You Do?

Emily Africa

Thumbnail for Blog Article: What College Expenses Are Tax Deductible for Parents In 2026?

What College Expenses Are Tax Deductible for Parents In 2026?

Andrew Latham

Thumbnail for Blog Article: Are Political Donations Tax Deductible?

Are Political Donations Tax Deductible?

Andrew Latham

Thumbnail for Blog Article: Are HOA Fees Tax Deductible?

Are HOA Fees Tax Deductible?

Andrew Latham

Thumbnail for Blog Article: How the New Tax Law Could Cut Your Federal Tax Bill to $0 (Yes, Really)

How the New Tax Law Could Cut Your Federal Tax Bill to $0 (Yes, Really)

Andrew Latham

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About Tax Credits

Tax credits are reductions in the amount of tax that an individual or business is required to pay. Tax credits may be available for a variety of reasons, such as to encourage certain activities, such as charitable giving or energy-efficient home improvements, or to provide financial assistance to low-income taxpayers.