Business Tax Credits

Your general business credit consists of your carryover of business credits from prior years plus the total of your current year business credits. You subtract these credits 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 3800, General Business Credit (PDF).
• Form 3468, Investment Credit (PDF). This consists of the sum of the rehabilitation, energy, and reforestation credits.
• Form 5884, Work Opportunity Credit (PDF).
• Form 6478, Credit for Alcohol Used as Fuel (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 8830, Enhanced Oil Recovery Credit (PDF).
• Form 8834, Qualified Electric Vehicle Credit (PDF).
• Form 8835, Renewable Electricity Production Credit (PDF).
• Form 8844, Empowerment Zone 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 8861, Welfare-to-Work Credit (PDF).

If you file a Form 1040 Schedule C, you may be eligible to claim the Earned Income Tax Credit (EITC). To learn more about EITC, refer to It’s easier than ever to find out if you qualify for EITC, or use the EITC Assistant to find out if you are eligible.

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