Glossary

The Clean Vehicle Credit provides tax benefits for purchasing qualifying eco-friendly vehicles, promoting sustainability and reducing carbon emissions.

The Residential Wind Energy Credit helps homeowners offset the cost of installing wind energy systems, providing a substantial tax credit for sustainable energy investments.

The Renewable Energy Investment Tax Credit (ITC) incentivizes investments in renewable energy. Learn about its benefits, filing requirements, and significance.

The Biodiesel Fuel Credit is a federal tax incentive aimed at encouraging the use of alternative fuels by offering financial benefits to producers and consumers of biodiesel.

Film Production Tax Credit incentivizes film production by offering financial benefits to qualifying productions, thereby supporting the entertainment industry.

The Employer Wage Credit is a tax incentive designed to support businesses in providing competitive wages. It plays a crucial role in financial compliance.

The Opportunity Zone Investment Credit is a tax incentive designed to encourage investment in economically distressed areas. It offers tax deferrals and potential exclusions on capital gains to boost local economic development.

The Foreign Tax Credit is a U.S. tax provision allowing taxpayers to offset income taxes paid to foreign governments, reducing double taxation burdens.

The Historic Rehabilitation Credit is a tax incentive designed to encourage the preservation and restoration of historic buildings. It offers financial benefits to property owners who invest in certified rehabilitations.

The New Markets Tax Credit (NMTC) incentivizes private investment in underserved communities by providing tax credits to investors. It aims to stimulate economic growth and development in low-income areas.