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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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A bipartisan group of Congressional leaders is pushing for a 20% federal tax credit for film and TV production, a move they say will help bring filming back to the U.S.

From Los Angeles Times ● Sep. 24, 2026

The bill, known as the Motion Picture, Television and Entertainment Revitalization Act, would establish a 20% tax credit on U.S. labor for eligible film and TV productions, including post-production and visual effects work.

From Los Angeles Times ● Sep. 24, 2026

"Importantly, that is the baseline. That is the minimum," Bonta said, noting that production commitments could surge by up to 700% if Congress passes a federal film tax credit.

From BBC ● Sep. 21, 2026

Their 2021 Covid-era child tax credit offered $3,600 for young children, with the full amount available to those without earnings and partially paid monthly.

From The Wall Street Journal ● Sep. 13, 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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