What do you call a one-time credit against taxes? A. Due credit B. Tax credit C. Credible credit D. Revenue credit

Due credit
Tax credit
Credible credit
Revenue credit

The correct answer is: B. Tax credit.

A tax credit is a direct reduction in the amount of tax that is owed. It is a dollar-for-dollar reduction in the amount of tax that is owed, and it can be used to offset both income and payroll taxes. Tax credits are often used to encourage certain behaviors, such as investing in renewable energy or hiring new employees.

A due credit is a type of tax credit that is given to taxpayers who have overpaid their taxes. It is a refund of the amount that was overpaid, and it is usually issued as a check or direct deposit.

A credible credit is a type of tax credit that is given to taxpayers who have a certain level of income or assets. It is a non-refundable credit, which means that it can only be used to offset the amount of tax that is owed, and it cannot be used to create a refund.

A revenue credit is a type of tax credit that is given to businesses that generate a certain amount of revenue. It is a non-refundable credit, which means that it can only be used to offset the amount of tax that is owed, and it cannot be used to create a refund.