What are different kinds of tax incentives?

[Good-Person]

Tax incentives may refer to privileges offered to a tax payer. This may also involve tax payers who tend to pay a heavy amount of taxes. tax incentives are offered to regular tax payers as well. So, what are some kinds of tax incentives? How to receive such kind of incentives?

 

[Debashis]

Some types of tax incentives include tax credits, deductions, exemptions, and deferrals. To receive these incentives, individuals or businesses may need to meet certain criteria, such as investing in specific industries, conducting research and development, or implementing energy-efficient practices. It is recommended to consult with a tax professional or government agency for specific details.