tax credit

British  

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

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Example Sentences

A $7,500 EV tax credit for new vehicles expired in September.

From Los Angeles Times • Jun. 10, 2026

U.S. car buyers lost the $7,500 federal EV purchase tax credit in September.

From Barron's • Jun. 9, 2026

Lawmakers in Albany mull a tax credit for New York state pets.

From The Wall Street Journal • May 31, 2026

While New York’s child tax credit is income-limited, anyone—regardless of wealth—would be able to get taxpayer money to cover dog and cat expenses.

From The Wall Street Journal • May 31, 2026

Some draw on government help in the form of food stamps, housing vouchers, the earned income tax credit, or—for those coming off welfare in relatively generous states—subsidized child care.

From "Nickel and Dimed: On (Not) Getting By in America" by Barbara Ehrenreich