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

See Examples For:

tax credit

The budget includes a provision that restricts the maximum tax credit companies can claim in a given year to $5 million or 50% of a company’s tax state tax liability, whichever is greater.

From Los Angeles Times ● Jul. 13, 2026

“The first year of the expanded tax credit program is already delivering results — generating billions in economic activity, creating opportunities for businesses and the workforce and bringing more productions home to California.”

From Los Angeles Times ● Jul. 7, 2026

There’s also no cherry picking to spend FSA money on camp costs while using the tax credit for other expenses like daycare costs, Pon said.

From MarketWatch ● Jul. 6, 2026

A child-care tax credit is becoming more generous, particularly for lower-income households.

From MarketWatch ● Jul. 6, 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