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Which credits are included in general business credits?


  1. Credit for increasing research activities (Form 6765): the credit is 20% of the amount by which research expenses for the year are more than the average base period amount. 

  2. Investment credit (Form 3468): the total of rehabilitation, business energy, qualifying advanced coal project, qualifying gasification project, and qualifying advanced energy project credits. 

  3. Low-income housing credit (Form 8586): applies to low-income housing buildings servicing after 1986. 

  4. Disabled access credit (Form 8826): the credit is half ot the amount of eligible access expenditures incurred to make a business accessible to disabled individuals. 

  5. Biodiesel and renewable diesel fuel credit.

  6. Orphan drug credit (Form 8820): credit is half of qualified expenses incurred in testing certain drugs. 

  7. Renewable electricity, refined coal, and Indian coal production credit (Form 8835): credit is 1.5 cents per kilowatt of electricity produced from a qualified energy resource at a qualified facility during the 10-year period after the facility is placed in service. 

  8. Empowerment zone and renewal community employment credit (Form 8844): employer located in empowerment zones are entities to 20% wages credit on the first $15,000 of annual wages paid to residences of the empowerment zone. 

  9. Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846): credit is equal to the employer’s portion of social security and Medicare taxes paid on tips received by employees of a food and beverage establishment. 

  10. Qualified plug-in electric drive motor vehicle credit (Form 8936): credit is for new qualified plug-in electric drive motor vehicles servicing during the tax year. 

  11. Credit for employer-provided childcare facilities and services (Form 8882): credit is 25% of qualified expenses an employer pays for childcare and 10% of qualified expenses paid for childcare resources and referral services. 

  12. Credit for small employer pension plan startup costs (Form 8881): credit equals half of the cost to set up and administer the plan, a taxpayer may decide to start claiming credit in the tax year before the tax year the plan becomes effective. 

  13. Credit for small employer health insurance premiums (Form 8941): maximum credit is 50% (35% for tax-exempt small employers) of premiums paid and can be taken against both regular and alternative minimum tax. 

  14. Work opportunity credit (Form 5884): an employer can take this credit for qualified first-year wages paid to: qualified recipient of temporary assistance for needy families (TANF), a qualified veteran, a qualified ex-felon, long-term family assistance recipient, a vocational rehabilitation referral, a qualified summer youth employee, designated community resident, an SSI recipient, supplemental nutrition assistance program (SNAP) benefits recipient, and a qualified long-term unemployment recipient. 


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