Body

You can claim credits and deductions when you file your tax return.

How Credits and Deductions Work

When you claim federal tax credits and deductions on your tax return,  you can change the amount of tax you owe.

  • Deductions can reduce the amount of your income before you calculate the tax you owe.
  • Credits can reduce the amount of tax you owe or increase your tax refund, and some credits may give you a refund even if you don't owe any tax.

Business Credits and Deductions

Find credits and deductions for businesses.