I have an assignment where I have to give responses on the article below the requirements for the responses are add some new detail information on that topic below. Can you please include the references of the new sources using citation format ?

The IRS defines a tax credit as a \"dollar-for- dollar amount taxpayers claim on their tax return to reduce the income tax they owe. Eligible taxpayers can use them to reduce their r tax bill and potentially increase their refund." While some tax credits are refundable, others just lower the taxpayer's tax obligation and end when the obligation is eliminated. The American tax system uses tax credits as a key instrument. Tax credits are used by the U.S. government to influence population behavior, wellbeing and support certain economic activities. They can also be used to provide financial relief to individuals and businesses. The American Rescue Plan Act is an example of the government use of tax credits to provide release to Americans and stimulate the economy during periods of crisis. The provision distributed \"1.9 trillion\" (Nevius, 2021) in tax credit to American families during the COVID- 19 pandemic. The provision affected several tax credits, increasing the amount refunded to families. For example, the bill expanded \"the Sec. 24 child tax credit in several ways. It makes the credit fully refundable" (Nevius, 2021) and increased the credit amount. Other credit affected by the provision includes the earned income credit, the child and dependent care credit, the family and sick leave credit, the employee retention credit, and the premium tax credit. The bill also included some provision for small businesses such as the support for restaurants to support restaurants affected \"by the stay-at-home and socialdistancing restrictions imposed to slow the spread of COVlD-19" (Drew, 2021). These are only a few instances to highlight how significant tax credits are inWere are more credits are in the United States. There are more credit options available in the United States; let's give some examples and discuss how they affect people's lives and the economy here. References: Alistair M. Nevius. J. D. (2021, February 27). Tax pro visions in the American rescue plan act. The Tax Adviser. https://vvww.thetaxadviser.comewsi202life b/tax-provisions-american-rescue-plan- act.html Drew, J. (2021, February 27). House passes $1. 9 triilion stimuius biii with a variety of small business reiief. Journal of Accountancy. httpszii'wwwjournalofaccou ntancycominews/ 202 lifebihouse-passes-stimulus-biII-small business~re|ief.html "iax credits for individuais: What they mean and how they can heip refunds. Internal Revenue Service. (n.d.). https://www.irs.govew5room/tax-credits-for\" individualsewhabtheymeaneandehowrtheyr can-help- refunds#:~:text=A%20tax%20credit%20is%20a ,and%20potential|y%20increase%20their%20re fund