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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 oftax You owe so you pay less.
Credits can reduce the amount of taxyou owe:
Deductions can reduce the amount ofyour 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 ifyou don't owe any tax
Individuals
Businesses and Self-Employed
Standard Deduction
@pportunity_Zones
Earned Income_Tax Credit_EIIC
Standard Mileage Rate
Child
Credit and Credit for Qther Dependents
Research Credit
Childand Dependent Care Credit
Tax Information for Retirement
Individual Retirement Arrangements (MAsl
Coronavirus Credits, Deductions and Relief
Education Credits and Deductions
Sickand Family_Leave Credit
Iax 5
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