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The Economic Times

Economy / The Economic Times

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How tax credits work, and why theyre one of the best ways to lower your tax bill

Tax credits help people lower their tax bills in a simple way. They reduce tax directly and some give refunds. Different tax credits support families, workers, students, home energy upgrades, and retirement savings. Most credits have income limits, so eligibility depends on earnings. Using the right tax credits can save money during tax filing.

26 Jan 2026 10:41 pm