Tax credits refer to an amount of money that taxpayers can subtract directly from the taxes they owe. Browse Investopedia's expert-written library to learn more.

Personal Income Taxes
Form 5405: First-Time Homebuyer Credit and Repa🎃yment of the Credit
Baby items to sell on eBay
Additional Child Tax ꦿCredit (ACTC): Definiti🎐on and Who Qualifies
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Foreign Tax Credit: Definition, Ho🌸w It Works🐓, and Who Can Claim It
A front nighttime view of the Toronto Stock Exchange building in Toronto, Ontario, Canda.
What Is the Canadian Dividend Tax Credit?
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What Wꩵ🐓as the Hope Credit? How It Worked and Replacement
Person puts a tax bill through a shredder after reducing their amount owed with credits.
Tax Credits: What Are They and Do You Qualify?
College students walking on campus
American Op🅰portunity Tax Credit (AOTC): Definit🐈ion and Benefits
IRS Publication 524𓂃 (Credit for the Elderlඣy or the Disabled)
Two women analyzing documents at office
What Is Form 3800: General Business Credit?
1040
Phase Out: ♈What it Means, How it Works, Tax Cred𒉰its
Text from Affordable Care Act law
Advanced Premium Tax Credit: What It 🐭Means, How It Works
Two land developers make notes to a plat map showing the layout of a new subdivision.
Secti☂on 1237 Capital Gain Opportunity: What It is, How It Wor🐓ks
Eliminating expenses one by one
Qualified Retirem💯ent Savings Contribution CredIt Oꦇverview
Rear view of school children running with backpacks
Education Tax Credit: Meaning, Requirements
Miscellaneous 🀅Tax Credits: What They Are, ꦡHow They Work
Toddlers painting at day care
What Is the Child and Dependent Care Credit?
Capitol Hill Against Sky
Hist𝐆oric St⛄ructure: What It is, How It Works, Criteria
Refundable Credit: What it is, How it Works
Alternative Motor Vehicle Credit: What it is, How it Wor🥃ks
Saver's Tax Credit: Meaning, Restrictions, Example
Go Green with These Tax Credits
Energy Tax Credit: What It Is,ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ How It Works, and Types
White semi truck on road
Alternative Fuels Tax Credit: 𝓀What It Is and How It Works
Young couple on couch
First-Time Homebuy🦋er Tax ♔Credit: Meaning, Eligibility
Scientist in a lab
Research Activities Tax Credit: What It Is, How It Works, andౠ Example
People doing taxes
Working Tax Credit (WTC) Definition
Black Liquor Tax Credit
Tesla chargers
Qualified Elecܫtric Vehicle: What It I𒈔s and How It Works
Couple admiring the view from the living room of their house
Longtime Homebuyer Tax Credit
IRS Publication 503: Child And Dependent Care Expe♊nses Overv♛iew
Person at desk doing their taxes
Tax Credits That Can Get You a Refund