Income Tax Credits are actually much better for tax payers
than income tax deductions. While income tax deductions can lessen your taxable
income, income tax credits reduce your tax bill directly. In rare cases, the
IRS even ends up paying the tax payer. However, the rules of income tax credits
are tricky. Not everyone qualifies for this. You need to be sure that you are
actually eligible for credits on your income tax return before filing them.
Otherwise, you might have to face fraud charges later on.
