In the Credits Section you will be able to enter:
- Foreign Tax Credit
- Child Care Credit
- Education Credits
- Retirement Savings Credit
- Residential Energy Credit (limited)
- Adoption Credit
- DC First-Time Homebuyer Credit (carryforward only)
- Mortgage Interest Credit
- Earned Income Credit
- Credit for the Elderly or Disabled
- Alternative Motor Vehicle Credit (Hybrid Cars) (expired for 2022)
- Qualified Electric Motor Vehicle Credit (expired for 2022)
- Small Employer Health Insurance Credit
- Credit for Federal Tax Paid on Fuels
- Credit for Increasing Research Activities from Pass through Entities
- Investment Credit
A credit reduces the actual amount of your tax due, dollar for dollar.