While most businesses and individuals look for eligible deductions in order to lower their tax bills – you may be better served looking for tax credits. The difference between a deduction and a credit is that a credit reduces the tax, while a deduction reduces the amount of income that is taxed.
Our tax professionals stay abreast of available federal and state tax credits, their rules and regulations, and can help you to identify, apply and maximize your tax credit savings. Whether you need assistance with Economic Development Area Credits (EDAs) or Low-Income Housing Tax Credits (LIHCs), call on our team of specialists to help.