- Tax incentives create savings for individual and legal taxpayers.
- General tax credits include deductions, credits, exemptions and shelters.
- You can use standard or itemized deductions, as well as any available superscript deductions.
- To qualify for tax credits, you must meet certain requirements such as income limit, filing status, and dependent status.
- Be sure to be aware of any tax credits you may be eligible for so you don’t miss out on tax savings.