An official website of the United States Government IIRS Help News English Charities & Nonprofits Tax Pros File Pay Refunds Credits & Deductions Forms & Instructions Search Home Credits and Deductions Credits and Deductions You can claim credits and deductions when you file your tax return: You may also qualify for certain coronavirus credits; Individuals deductions and relief: Businesses and Self Employed How Credits and Deductions Work Tax credits and deductions can change the amount of taxyou owe So you pay less. Credits can reduce the amount of taxyou owe_ Deductions can reduce the amount of your income before you calculate the taxyou owe. Claim Federal Tax Credits and Deductions Claim certain credits and deductions on your tax return and you may be able to get a larger refund, while others may give you refund even if you don't owe any tax Individuals Businesses and Self-Employed Standard Deduction Qpportunity_Zones Earned Income_Tax Credit EIIC Standard Mileage Rate