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

See Examples For:

tax credit

There are also tax benefits to look out for, including the child and dependent care tax credit or dependent care FSAs that allow for childcare costs to be paid with pre-tax dollars.

From MarketWatch ● Aug. 5, 2026

Although sales of electric vehicles have plunged since the tax credit expired, demand for gas-electric hybrids has surged.

From MarketWatch ● Aug. 4, 2026

The U.K.’s Theatre Tax Relief hands non-touring productions a 40% tax credit, reimbursing producers for nearly half their upfront costs.

From The Wall Street Journal ● Aug. 2, 2026

For instance, 33% of the 443 total shoot days for feature films in the second quarter came from productions that received a tax credit.

From Los Angeles Times ● Jul. 23, 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