Tax Incentives

Tax incentives are financial benefits provided by governments to encourage certain behaviors or investments. They can take the form of tax deductions, credits, exemptions, or lower tax rates aimed at stimulating economic activities, such as business development, job creation, or renewable energy use. For example, a business might receive a tax credit for hiring veterans or a homeowner might benefit from a deduction for installing solar panels. Essentially, these incentives aim to promote activities that the government views as beneficial for society and the economy.