A tax credit is a dollar value you can subtract from your income taxes. For example, if you owe $20,000 in income taxes and you’re entitled to a $2,000 tax credit, you only have to pay $18,000.
A tax credit is a dollar value you can subtract from your income taxes. For example, if you owe $20,000 in income taxes and you’re entitled to a $2,000 tax credit, you only have to pay $18,000.