What Are Tax Credits Anyways?

What’s so exciting about tax credits?

How are they different from tax deductions?

Tax Credits are awesome!  I mean, who doesn’t like getting a good deal or the opportunity to take advantage of free money?  Essentially, that’s what tax credits are – free money – money that is subtracted from the amount you owe in taxes.  Take for example, the current 30% Federal Tax Credit on the installation of a qualifying GHP (Geothermal Heat Pump) system.  ...