A Tax Credit is a recognition of a payment already made. Tax credits are usually given as incentives or "rewards" for behaviors that the government wants to encourage. For example, the disability access tax credit provides incentives to businesses who fix up their buildings to allow greater access to employees and the public who are disabled. Tax credits are considered more valuable than tax deductions because they are usually taken before Adjusted Gross Income is determined, which directly reduces the amount of taxable income.
You can receive business tax credits for:
