Tax Credit Tax Strategies

Tax credit tax strategies can help you lower your planned expenses. You may also need to make sure you keep your income within certain ranges to continue to qualify for certain tax credits.

 

Examples include:

• Timing income/deductions to meet tax credit income requirements
• Child tax credit
• Research and development tax credit
• Residental energy tax credit
• Vehicle tax credits
• Other temporary and permanent tax credits

 

To learn more about how these strategies work, how much you could save, and how to put these strategies into action, contact a tax advisor now.