Most taxpayers won't qualify for these credits, but they can provide valuable tax savings in specific situations.
The program supports the following less common tax credits:
- General Business Credit
- Work Opportunity Credit
- Biofuel Producer Credit
- Advanced Manufacturing Production Credit
- Clean Hydrogen Production Credit
- Clean Electricity Production Credit
- Nuclear Power Production Credit
- Clean Fuel Production Credit
- Passive Activity Credit Limitations
- Low-Income Housing Credit
- Orphan Drug Credit
- Disabled Access Credit
- Enhanced Oil Recovery Credit
- Renewable Electricity Credit
- Empowerment Zone Employment Credit
- Credit for Employer Social Security and Medicare Taxes
- DC First-Time Homebuyer Credit
- Biodiesel and Renewable Diesel Fuels Credit
- New Markets Credit
- Small Employer Pension Plan Start-Up Costs and Auto-Enrollment Credit
- Employer-Provided Childcare Facilities and Services Credit
- Low Sulfur Diesel Fuel Production Credit
- Qualified Railroad Track Maintenance Credit
- Credit for Oil and Gas Production from Marginal Wells
- Distilled Spirits Credit
- Energy Efficient Home Credit
- Credit for Employer Differential Wage Payments
- Carbon Oxide Sequestration Credit
- Employer Credit for Paid Family and Medical Leave
Many of these credits are designed for businesses, specialized industries, or taxpayers involved in specific energy, manufacturing, housing, or employment programs.