MISCELLANEOUS TAX CREDITS

General information: Miscellaneous Tax Credits are a group of specialized tax credits that directly reduce the amount of tax a taxpayer owes. These credits offer a dollar-for-dollar reduction in tax liability. They are considered “miscellaneous” because they cover a range of specific situations or activities that don’t fall into major tax credit categories, such as energy efficiency upgrades, research activities or adoption expenses, and that the tax code deems beneficial.