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Capitalizing on Tax Credits
Reduce your Tax Liability by using Federal and State Tax Credits
Capitalize on tax credits by reducing your tax liability. From capitalizing on research and development tax credits to investment credits, to utilizing state and local government incentives to find good employees. For more information review the following:
STATE Business Tax Credits
- Form 3523, Research and Development Credit (PDF)
- Form WOTC, Work Opportunity Tax Credit Employer Guide (PDF)
- Form Fact Sheet, Subsidized Employment Programs (PDF)
- Form FTB 3805Z, Enterprise Zone Business (PDF)
- Information on Financial Assistance from the California Employment Training Panel
FEDERAL Business Tax Credits
Your general business tax credit for the year consists of your carrying forward of business credits from prior years plus the total of your current year business credits. In addition, your general business credit for the current year may be increased later by carrying back business credits from later years. You subtract this credit directly from your tax.
All of the following credits, with the exception of the electric vehicle credit, are part of the general business credit. The form you use to figure each credit is shown below.
- Form SBLF, Small Business Lending Fund (PDF)
- Form 8844, Empowerment Zone and Renewal Community Employment Credit (PDF)
- Form 8826, Disabled Access Credit (PDF)
- Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit (PDF)
- Form 3800, General Business Credit (PDF)
- Form 3468, Investment Credit (PDF)
This consists of the sum of the rehabilitation, energy, and reforestation credits. - Form 5735, American Samoa Economic Development Credit (PDF)
- Form 5884, Work Opportunity Credit (PDF)
- Form 6478, Alcohol and Cellulosic Biofuel Fuels Credit (PDF)
- Form 6765, Credit for Increasing Research Activities (PDF)
- Form 8586, Low-Income Housing Credit (PDF)
- Form 8611, Recapture of Low-Income Housing Credit (PDF)
- Form 8820, Orphan Drug Credit (PDF)
- Form 8826, Disabled Access Credit (PDF)
- Form 8834, Qualified Plug-in Electric and Electric Vehicle Credit (PDF)
- Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit (PDF)
- Form 8844, Empowerment Zone and Renewal Community Employment Credit (PDF)
- Form 8845, Indian Employment Credit (PDF)
- Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips (PDF)
- Form 8847, Credit for Contributions to Selected Community Development Corporations (PDF)
- Form 8864, Biodiesel and Renewable Diesel Fuels Credit (PDF)
- Form 8874, New Markets Credit (PDF)
- Form 8881, Credit for Small Employer Pension Plan Startup Costs (PDF)
- Form 8882, Credit for Employer-Provided Childcare Facilities and Services (PDF)
- Form 8896, Low Sulfur Diesel Fuel Production Credit (PDF)
- Form 8900, Qualified Railroad Track Maintenance Credit (PDF)
- Form 8906, Distilled Spirits Credit (PDF)
- Form 8907, Nonconventional Source Fuel Credit (PDF)
- Form 8908, Energy Efficient Home Credit (PDF)
- Form 8910, Alternative Motor Vehicle Credit (PDF)
- Form 8911, Alternative Fuel Vehicle Refueling Property Credit (PDF)
- Form 8923, Mine Rescue Team Training Credit (PDF)
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