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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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Pay attention to a recent bipartisan bill to expand the child tax credit.

From The Wall Street Journal Sep. 13, 2026

After President Trump threw his support behind an effort for a national film tax credit, Hollywood is hopeful that a lifeline could finally be on its way.

From Los Angeles Times Sep. 8, 2026

For years, Hollywood has talked about a federal film and television tax credit that could help the industry combat the growing number of productions fleeing overseas.

From Los Angeles Times Sep. 3, 2026

New York’s tax credit covers 30% or more of production costs and is refundable—meaning producers get the money even if they don’t owe state tax.

From The Wall Street Journal Sep. 3, 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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