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General Business Tax Credits

First established by Congress to further social or economic objectives such as promoting increased investment in disadvantaged communities, the general business tax credit is actually a series of nonrefundable tax credits individuals and business entities may be entitled to claim. As indicated below, the calculation of each credit requires a different form to file with your income tax return (Form 1040 or 1120); if you claim more than one type of credit, you may also need to file Form 3800.






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