How Smart Are You About Tax Credits?

Tax credits are the gold nuggets of the tax world. With the exception of winning the lottery, tax credits may be the most desirable financial break a taxpayer can get. The Tax Cuts and Jobs Act introduced new rules that dramatically shuffle the tax landscape. How informed are you about the new rules? This 15-item quiz tests how much you know about tax credits. A score of eight or more correct answers may benefit your clients’ (and perhaps your own) tax returns.