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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Discover the definition of financial terms related to tax credits.

Joint Return Test: Definition, Examples, and Exceptions
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The Research Activities Credit: Definition, Eligibility, and Application
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Understanding Tax Dependency: The Citizen Test and Its Implications
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IRS Publication 535: Business Expenses - Definition, Examples, and Optimization
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What is a Mortgage Credit Certificate (MCC) and How Can It Help You
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Demystifying Tax Credits: Your Guide to Maximizing Tax Savings
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Form 1040 Guide: A Comprehensive Overview of U.S. Individual Tax Returns and Types
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Learn About Tax Credits

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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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HSAs Just Got Even Better: Here’s Why 2025 Is a Game-Changer for Your Health Savings
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CP85C: How to Verify your Income and Avoid EITC Delays
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