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.

Explore Tax Credits

Parent and child, both using tablets while sitting on a white couch.
How to Get Your Child Tax Credit Payments
Portrait of businesswoman working on an office computer.
IRS Form 8880: Who Qualifies for the Retirement Saver's Credit
Person erasing the word “TAX”
Recovery Rebate Credit: What it is, How it Works, FAQ
Disabled Businesswoman at Work
Work Opportunity Tax Credit (WOTC)
Happy Couple Meeting with Financial Advisor
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
Woman with calculator
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
Woman outdoors on her mobile phone by the Eiffel Tower
Foreign Tax Credit: Definition, How It Works, Who Can Claim It
A colorful pie chart with a pen in the middle.
Dividend Tax Credit: Meaning and Formulas
Multi-generational family blowing bubbles outdoors
Unified Tax Credit: Definition and Limits
College students walking on campus
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
Give Your Taxes Some Credit
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)
Two women analyzing documents at office
General Business Credit (GBC): What it is, How it Works
1040
Phase Out Definition
Text from Affordable Care Act law
Advanced Premium Tax Credit
Section 1237 Capital Gain Opportunity
Lifetime Learning Credit (LLC): What it Means, How it Works, FAQs
Eliminating expenses one by one
Qualified Retirement Savings Contribution Credit
Rear view of school children running with backpacks
Education Tax Credit
Miscellaneous Tax Credits
Toddlers painting at day care
Child and Dependent Care Credit Definition
Capitol Hill Against Sky
Historic Structure
Refundable Credit
Alternative Motor Vehicle Credit
Saver's Tax Credit
Energy Tax Credit
Alternative Fuels Tax Credit
Young couple on couch
First-Time Homebuyer Tax Credit
Research Activities Credit
Working Tax Credit (WTC)
Black Liquor Tax Credit
Qualified Electric Vehicle
Couple admiring the view from the living room of their house
Longtime Homebuyer Tax Credit
IRS Publication 503: Child and Dependent Care Expenses
Calculator and tax documents
Tax Credits That Can Get You a Refund

Deductions & Credits