Learn the difference between tax credits and tax relief, how credits reduce taxes owed and how IRS programs help manage tax debt.

Common forms of tax relief include tax credits, deductions, penalty relief, and payment plans. Eligibility for tax relief often depends on factors like your income, filing status, and financial ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe — or how much you get back. Deductions lower the portion of your income that’s taxed, while credits ...

Each year millions of Americans overlook billions of dollars of federal tax credits that can cut their tax bill and increase their refund come filing time. These credits can be claimed for a variety ...

Although paying taxes is a fact of life, the IRS offers taxpayers the ability to reduce what they owe via various tax credits and tax deductions. A tax credit reduces the amount of taxes you owe ...