Investment Tax Credits

Investment Tax Credits (ITCs) are incentives offered by the government to encourage businesses or individuals to invest in specific assets, such as renewable energy systems or manufacturing equipment. When you make such an investment, the ITC allows you to reduce your tax liability by a percentage of the investment amount. Essentially, it lowers the upfront cost of the investment by providing a direct tax benefit, making it more financially attractive to invest in sectors that support economic growth or environmental goals.