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LA 9: Use of tax credits
or “How tax credits can be used and their limitations”
You could also call this:

“ Tax credits are amounts that reduce the tax you owe ”

A tax credit is an amount of money that you can use to reduce the tax you owe. You have a tax credit if a rule in this part of the law says you do. This means that if you find a rule in this section that gives you a tax credit, you can use it to lower your tax bill.

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Next up: LB 1: Tax credits for PAYE income payments

or “Getting money back for taxes your employer took from your pay”
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Part L Tax credits and other credits
General rules for tax credits

LA 10Meaning of tax credit

  1. An amount is a tax credit of a person if it is their tax credit under a provision in this Part.

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