Page 25 - Small Business Taxes

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Biodiesel, Renewable Diesel, or Sustainable Aviation ble wholesalers of distilled spirits. For more information,
Fuel Mixture Credit (Form 8864). For more information, see Form 8906.
see Form 8864.
Employee retention credit for employers affected by
Biofuel producer credit (Form 6478). For more infor- qualified disasters (Form 5884-A). You may qualify for
mation, see Form 6478. this credit if you continued to pay or incur wages after your
business became inoperable because of damage from
Carbon oxide sequestration credit (Form 8933). This certain federally declared disasters. For more information,
credit is for carbon oxide that is captured at a qualified fa- see Form 5884-A.
cility and disposed of in secure geological storage or used
in a qualified enhanced oil or natural gas recovery project. Employer credit for paid family and medical leave
For more information, see Form 8933. (Form 8994). This credit applies for wages paid to quali-
fying employees while they are on family and medical
Credit for employer social security and Medicare leave, subject to certain conditions. For more information,
taxes paid on certain employee tips (Form 8846). see Form 8994.
This credit is generally equal to your (employer's) portion
of social security and Medicare taxes paid on tips re- Empowerment zone employment credit (Form 8844).
ceived by employees of your food and beverage estab- You may qualify for this credit if you have employees and
lishment where tipping is customary. The credit applies re- are engaged in a business in an empowerment zone for
gardless of whether the food is consumed on or off your which the credit is available. For more information, see
business premises. For more information, see Form 8846. Form 8844.
Credit for employer differential wage payments Energy efficient home credit (Form 8908). This credit
(Form 8932). This credit provides businesses with an in- is available for eligible contractors of certain homes sold
centive to continue to pay wages to an employee perform- for use as a residence. For more information, see Form
ing services on active duty in the uniformed services of 8908.
the United States for a period of more than 30 days. For
more information, see Form 8932. Investment credit (Form 3468). The investment credit
is the total of the several credits. For more information,
Credit for employer-provided childcare facilities and see Form 3468.
services (Form 8882). This credit applies to the quali-
fied expenses you paid for employee childcare and quali- Low sulfur diesel fuel production credit (Form 8896).
fied expenses you paid for childcare resource and referral For more information, see Form 8896.
services. For more information, see Form 8882.
Low-income housing credit (Form 8586). This credit
Credit for increasing research activities (Form 6765). generally applies to each qualified low-income building
This credit is designed to encourage businesses to in- placed in service after 1986. For more information, see
crease the amounts they spend on research and experi- Form 8586.
mental activities, including energy research. For more in-
formation, see Form 6765. New markets credit (Form 8874). This credit is for
qualified equity investments made in qualified community
Credit for small employer health insurance premi- development entities. For more information, see Form
ums (Form 8941). This credit applies to the cost of cer- 8874.
tain health insurance coverage you provide to certain em-
ployees. For more information, see Form 8941. Orphan drug credit (Form 8820). This credit applies to
qualified expenses incurred in testing certain drugs for
Credit for small employer pension plan startup costs rare diseases and conditions. For more information, see
(Form 8881). This credit applies to pension plan startup Form 8820.
costs of a new qualified defined benefit or defined contri-
bution plan (including a section 401(k) plan), SIMPLE Qualified plug-in electric drive motor vehicle credit
plan, or SEP plan. For more information, see Pub. 560, (Form 8936). This credit is for certain new qualified
Retirement Plans for Small Business. plug-in electric vehicles placed in service during the tax
year. For more information, see Form 8936.
Disabled access credit (Form 8826). This credit is a
nonrefundable tax credit for an eligible small business that Qualified railroad track maintenance credit (Form
pays or incurs expenses to provide access to persons 8900). This credit applies to qualified railroad track main-
who have disabilities. You must pay or incur the expenses tenance expenditures paid or incurred during the tax year.
to enable your business to comply with the Americans For more information, see Form 8900.
with Disabilities Act of 1990. For more information, see Renewable electricity production credit (Form 8835).
Form 8826. This credit is for renewable energy sources produced in
Distilled spirits credit (Form 8906). This credit is avail- the United States or U.S. possessions from qualified en-
able to distillers and importers of distilled spirits and eligi- ergy resources at a qualified facility. For more information,
see Form 8835.

Chapter 4 General Business Credits Page 19