What Are Tax Credits?
The federal government offers some tax credits to taxpayers who commit to a variety of things that are deemed to be for the public good, such as adopting a child, saving for retirement, or continuing education. Other credits, like the earned income tax credit, are designed to bolster the economy, putting spendable dollars back into the pockets of low-income taxpayers.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: BEVERLY BIRD
Original Article Posted on: August 31, 2020
Link to Original Article: https://www.thebalance.com/tax-credits-and-qualifying-rules-4155743