You can claim credits and deductions when you file your tax return. You may also qualify for certain coronavirus credits, deductions and relief.
How Credits and Deductions Work
Tax credits and deductions can change the amount of tax you owe so you pay less.
- Credits can reduce the amount of tax you owe.
- Deductions can reduce the amount of your income before you calculate the tax you owe.
Claim Federal Tax Credits and Deductions
Claim certain credits and deductions on your tax return and you may be able to get a larger refund, while others may give you a refund even if you don’t owe any tax.