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tax credit

British

noun

(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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The show’s fourth season, set to begin shooting in the summer, will receive the state’s largest tax credit, $48 million, according to the California Film Commission.

From Los Angeles Times • May 5, 2026

Some people rushed to buy an EV before the tax credit expired.

From MarketWatch • May 2, 2026

Dealers lowered EV prices from the average $60,446 a year ago to compensate for the loss of the EV tax credit, which expired in September 2025.

From MarketWatch • Apr. 25, 2026

U.S. sales of all-electric cars fell 27% External link year over year in the first quarter, following the September expiration of the federal $7,500 EV purchase tax credit.

From Barron's • Apr. 24, 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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023