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

Higher utility rates will improve the value proposition of solar, the analysts add, as prepaid leases gain greater adoption to offset declines from the end of a residential solar tax credit last year.

From The Wall Street Journal

Under a quirk of the tax rules, third-party owners can generally qualify for tax credits, and they can pass some of those financial benefits to the homeowner, Enphase believes.

From Barron's

Congress created the tax credit in last year’s major fiscal law, starting a national version of programs that have proliferated in states.

From The Wall Street Journal

Go for a gas-powered vehicle if you want to save money on insurance, especially since electric-vehicle tax credits that formerly helped offset costs have expired.

From MarketWatch

The ending of the $7,500 purchase tax credit in September led to the decline.

From Barron's