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Find information about credits and deductions for businesses and how to claim them on your tax return. A credit is an amount you subtract from the tax you owe. A deduction is an amount you subtract from your income when you file so you don’t pay tax on it.
The Working Families Tax Cuts Act, passed on July 4, 2025, may have impacted the credits or deductions shown here. Please refer to Working Families Tax Cuts provisions for more information.
Claim credits
Here are credits you can claim:
Businesses that provide childcare for their employees are eligible for a tax credit.
Companies that invest in Opportunity Zones can use this economic development tool to support investment and growth in U.S. distressed areas and defer tax on eligible gains.
Businesses get a refundable credit for fuel used in a specific work-related activity with the Fuel Tax Credit (FTC).
Check if your purchase of an electric vehicle (EV) or fuel cell vehicle (FCV) qualifies for a tax credit.
Eligible contractors who build or substantially reconstruct qualified energy-efficient homes may be able to claim tax credits up to $5,000 per home.
Manufacturers and other entities that invest in qualifying advanced energy projects may apply for a tax credit through the Department of Energy.
Employers who hire individuals from certain targeted groups who have faced barriers to employment may qualify for the Work Opportunity Tax Credit (WOTC).
Available to businesses for certain qualified research credit expenses.
The rehabilitation credit is a tax incentive to rehabilitate historic buildings.
Food and beverage businesses with tipped employees may qualify to claim a credit for their Social Security and Medicare taxes on certain employees’ tips.
Eligible employers can claim a tax credit up to $5,000 for costs of starting a SEP, SIMPLE IRA or qualified plan.
Deduct expenses
Deductions lower your income. This can lower your tax payment or increase your refund. You need documents to show expenses or losses you want to deduct.
Building owners who increase energy efficiency in certain building systems by at least 25% may be able to claim a tax deduction.
If you use part of your home for business, you may be able to deduct certain expenses.
Find standard mileage rates for deducting vehicle expenses for business use and charitable, medical or military moving purposes.