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Tax credits for businesses in the U.S. In the U.S., there are many business tax credits, and their titles often explain what they are for. For example, employers who hire Native Americans can get a tax credit through the Indian Employment Credit. Businesses can also get tax credits for specific industries and sectors, like the Biofuel Producer Credit and the Orphan Drug Credit. During the filing process, the General Business Tax Credit Form 3800 is used to add up all the tax credits to figure out the total credit that can be claimed. Still, each of these credits must be claimed on a separate form, which you can find on the IRS website or by talking to an accountant or other licensed tax professional. In addition, the available tax credits and the forms that go with them can change from year to year, so it's essential to check the IRS website before filing. Here's an example of how businesses use business tax credits: The annual tax return for ABC Corporation is being filled out right now. They are looking at the list of tax credits and have realized that they can claim the Credit for Employer-Provided Child Care Facilities and Services since they have a daycare on site. They list this credit on Form 8888. But the amount of money they want to get is more than what they can get this year. Since this tax year was the first time they offered on-site daycare, they can use some of the credit from the previous year. But ABC Corporation still needs to be done, and they have found that they can get more tax credits. Since they've already used up all their credits for this year, they'll use the rest in the next tax year. This year, ABC Corporation owed much less to the government because it could take advantage of all the available business tax credits. So even if they don't get any new tax credits next year, they will already have several credits they can use to pay off the rest of their debt.