- Various types of tax breaks can help you lower your tax bill or pay off tax-related debt.
- Tax deductions allow you to deduct certain expenses (such as mortgage interest) from your taxable income, thereby reducing the amount of tax you have to pay.
- Tax credits directly reduce your tax bill and can provide a refund even if you don’t have to pay any taxes.
- The IRS Fresh Start Program helps individuals and businesses pay off tax debt and avoid tax liens.