Tax Credits - US Federal

http://www.filmsf.org/index.aspx?page=47
In October of 2008 Congress passed an extension of IRC Section 181 in order to combat runaway film and television production. This tax code allows for qualifying productions to immediately write off up to $15 million for tax purposes.

Remember not to include the tax credit in your film budget.

Check QuickFilmBudget.com for a sample film budget.