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
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
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Ad Valorem Tax: Definition, Examples, and How It's Calculated
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Qualified Dividends: Tax Rates and Holding Rules
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EV Tax Credit 2026: How to Qualify for Up to $7,500 on a New or Used Electric Vehicle
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What Is A Student Loan Debt Relief Tax Credit? And How To Qualify
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What Is a Tax Deduction? Definition, Types, Examples
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IRS Form 1040-X: Explanation, Filing Process, and Real-Life Scenarios
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Withholding Allowance: How It Works and When to Update
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Learn About Tax Credits

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What College Expenses Are Tax Deductible for Parents In 2026?
Andrew Latham

Are Political Donations Tax Deductible?
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Are HOA Fees Tax Deductible?
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How the New Tax Law Could Cut Your Federal Tax Bill to $0 (Yes, Really)
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TurboTax vs. CPA (2026): When Software Is Enough and When You Need a Pro
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CP518I Notice: What It Means When You Haven’t Filed Your Return
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CP516: What to Do When the IRS Says You Didn’t File
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CP515I Notice: Filing Your Missing Tax Return Made Simple
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CP301 IRS Notice: What You Need to Know and Do
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CP87C Notice: Resolve SSN Issues Quickly
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CP87B: What It Means When the IRS Flags Your Return
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CP87A Notice: What It Means and How to Resolve It
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CP81 Notice: How to Unlock Your IRS Account
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CP80 Notice: What It Means When the IRS Owes You Money
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