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.

Schedule K-1: How to Use It for Your Taxes
SuperMoney Team

What is Combat Pay?
Erin Gobler

Understanding Dividend Imputation: Benefits, Implementation, and Impact
Abi Bus

Qualified Adoption Expenses (QAE): Definition, Eligibility, and Tax Benefits
Alessandra Nicole

Understanding Nonrefundable Tax Credits: How They Work
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Form 8857: Innocent Spouse Relief - Definition, Filing Process, and Qualifications
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What are Build America Bonds? Understanding, Types, and Impact on Local Economies
Abi Bus

De Minimis Tax Rule: Definition, Calculation, and Practical Examples
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Qualified Production Activities Income (QPAI): Definition, Eligibility, and Tax Benefits
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What Is FIT Tax?
Ossiana Tepfenhart
Learn About Tax Credits

Bank Rejected Tax Refund: What Can You Do?
Emily Africa

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

Are Political Donations Tax Deductible?
Andrew Latham

Are HOA Fees Tax Deductible?
Andrew Latham

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

TurboTax vs. CPA (2026): When Software Is Enough and When You Need a Pro
SuperMoney Team

Get Ready for the Biggest Tax Refund of Your Life: Trump’s “Big Beautiful Bill” Could Supercharge 2026 Returns
SuperMoney Team

HSAs Just Got Even Better: Here’s Why 2025 Is a Game-Changer for Your Health Savings
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Good News for Taxpayers: 2026 IRS Tax Brackets and Deductions Bring Lower Bills for Millions
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TaxAct vs. TurboTax: 2026 Comparison
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2025 Back-to-School Tax-Free Weekend Guide: Save Big in These 17 States
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"No Tax on Tips”? Not Quite — Here’s How Much Workers Will Actually Save
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Government-Paid Incentives for Greening Your Home
Suchi Rudra

Estimated Tax Payments: How to Calculate How Much to Pay for Your Estimated Tax Deadline
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CP85C: How to Verify your Income and Avoid EITC Delays
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Responding to an LT4833 Notice: Key Steps for Tax Preparers
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