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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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TV comedy production saw a 43% decline to 57 days, with 21 of them coming from projects that received a tax credit.

From Los Angeles Times Jul. 23, 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

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