Tax credit
Tax incentive / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Tax credits?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state.[1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate.
The examples and perspective in this article may not represent a worldwide view of the subject. (May 2017) |