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.

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How to Get Your Child Tax Credit Payments
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IRS Form 8880: Who Qualifies for the Retirement Saver's Credit
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Recovery Rebate Credit: What it is, How it Works, FAQ
Disabled Businesswoman at Work
Work Opportunity Tax Credit (WOTC)
Tax Credit
Tax Credit: What It Is, How It Works, What Qualifies, 3 Types
Personal Income Taxes
Form 5405: First-Time Homebuyer Credit and Repayment of the Credit
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Earned Income Tax Credit (EITC): Definition and How to Qualify
Additional Child Tax Credit (ACTC): Definition and Who Qualifies
Child Tax Credit
Child Tax Credit Definition: How It Works and How to Claim It
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Foreign Tax Credit: Definition, How It Works, 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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Unified Tax Credit: Definition and Limits
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What Was the Hope Credit? How It Worked and Replacement
Business, Investment, Retirement, Finance, and Money Saving for the Future
Nonrefundable Tax Credit: Definition, How It Works, and Benefits
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 Opportunity Tax Credit (AOTC): Definition and Benefits
Prospect Heights, Brooklyn, New York, USA, August 2006
Tax Credit Property: Definition, How to Qualify, and Benefits
IRS Publication 524 (Credit for the Elderly or the Disabled)
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General Business Credit (GBC): What it is, How it Works
1040
Phase Out: What it Means, How it Works, Tax Credits
Text from Affordable Care Act law
Advanced Premium Tax Credit: What it Means, How it Works
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Section 1237 Capital Gain Opportunity: What It is, How It Works
Lifetime Learning Credit (LLC): What it Means, How it Works, FAQs
Eliminating expenses one by one
Qualified Retirement Savings Contribution CredIt Overview
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Education Tax Credit: Meaning, Requirements
Miscellaneous Tax Credits: What They Are, How They Work
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Child and Dependent Care Credit: Meaning, Overview, FAQs
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Historic Structure: What It is, How It Works, Criteria
Refundable Credit: What it is, How it Works
Alternative Motor Vehicle Credit: What it is, How it Works
Saver's Tax Credit: Meaning, Restrictions, Example
Go Green with These Tax Credits
Energy Tax Credit: What It Is, How It Works, and Types
Alternative Fuels Tax Credit: What It is, How it Works
Young couple on couch
First-Time Homebuyer Tax Credit: Meaning, Eligibility
Research Activities Credit
People doing taxes
Working Tax Credit (WTC) Definition
Black Liquor Tax Credit
Qualified Electric Vehicle: What It is, How it Works
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Longtime Homebuyer Tax Credit
IRS Publication 503: Child And Dependent Care Expenses Overview
Calculator and tax documents
Tax Credits That Can Get You a Refund

Deductions & Credits