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tax credit

British  

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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In June, lawmakers approved a major expansion of the funding allocated each year to the state’s film and television tax credit program, moving to raise that cap to $750 million from $330 million.

From Los Angeles Times Aug. 29, 2026

"If you're not making the tips, what good is the tax credit?" he fumed.

From Barron's Aug. 29, 2026

To prevent abuse, the tax credit for phone delays would be limited to two occasions in a given tax year, Jenrick said.

From BBC Aug. 26, 2026

If your income exceeds that threshold, the tax credit for your ACA premium can disappear completely — this is the much-dreaded “subsidy cliff.”

From MarketWatch Aug. 14, 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

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