Explain two income tax credits available to your client to reduce their income tax liability.

Explain two income tax credits available to your client to reduce their income tax liability.
Provide the two benefits to the U.S. government of granting income tax credits.
Explain the four factors where the premium tax credit (PTC) applies.
Provide an example on each factor.
Obtain a Form 1040 income tax return.
Determine where the PTC applies on the form.