IRS Form 8874 New Markets Credit

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 8874 for the current year.

IRS Form 8874 New Markets Credit

What Is IRS Form 8874?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2018. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 8874?
A: IRS Form 8874 is the form used to claim the New Markets Credit.

Q: What is the New Markets Credit?
A: The New Markets Credit is a tax credit designed to encourage investments in low-income communities.

Q: Who is eligible to claim the New Markets Credit?
A: Eligible entities, including individuals, corporations, and partnerships, can claim the New Markets Credit.

Q: How does the New Markets Credit work?
A: The New Markets Credit allows taxpayers to claim a credit equal to a percentage of the qualified investment made in a designated low-income community.

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Form Details:

  • A 3-page form available for download in PDF;
  • Actual and valid for filing 2023 taxes;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 8874 through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 8874 New Markets Credit

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