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.

What is IRS Notice CP01H and How Should You Respond?
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Federal vs. State Tax: What Is The Difference?
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What is a Tax Abatement and How Does It Work?
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Franking Credits: Definition, How It Works, and Benefits
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Vertical Equity: Definition, Implementation, and Examples
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What Is a Tax Credit Apartment?
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Relationship Test: Definition, Application, and Examples
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Tax Fairness: Principles, Systems, and Implications
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Alternative Fuels Tax Credit: Definition, Eligibility, and Implications
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Learn About Tax Credits

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Get Ready for the Biggest Tax Refund of Your Life: Trump’s “Big Beautiful Bill” Could Supercharge 2026 Returns
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Good News for Taxpayers: 2026 IRS Tax Brackets and Deductions Bring Lower Bills for Millions
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Government-Paid Incentives for Greening Your Home
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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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