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Tax credits directly reduce your tax bill.

What is a tax credit? It’s a way for parents, homeowners, and students to lower their taxes

A tax credit is a dollar-for-dollar reduction of your tax bill. It's different than a tax deduction — you claim it regardless of whether you itemize.

Tesla cut the price of the Model 3 in Canada so buyers can get a government tax credit

Earlier this month, none of Tesla's cars were eligible for the Canadian tax credit because they were too expensive.

Tesla pops after news that the tax credit for electric vehicles may be extended

Tesla rises on news that the tax credit for electric vehicles may be extended. The legislation has been proposed by a bipartisan group of lawmakers.

Tesla has lowered its price for the Model 3, but the cheaper version is still months away

There's still no word on when the originally promised $35,000 version will hit the market.
The Saver's Credit gives eligible taxpayers saving for retirement a tax break.

You may be able to cut down your tax bill with a little-known credit if you saved for retirement this year

The Saver's Credit enables low- to moderate-income taxpayers saving for retirement to reduce their tax bill by up to $2,000.