9 Tax Credits Decoded: Ensuring You're Not Missing Out

ARTICLE | July 16, 2025

When it comes to reducing your tax liability, few strategies are more powerful than leveraging tax credits. Unlike deductions, which lower only your taxable income, credits directly reduce the amount of tax you owe. The result can be thousands of dollars saved, depending on eligibility and how many credits apply to your situation. Yet many taxpayers overlook these opportunities, sometimes because of the extra calculations involved. Staying up-to-date with evolving legislation is also important, as Congress frequently revisits tax laws that affect credit amounts and eligibility rules. Below, we shed light on nine credits you should know about and discuss how to maximize their benefits under current law.

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Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.