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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The 2022 Chips Act provided some $53 billion, plus a 25% investment tax credit, to subsidize U.S. chip-making.

From The Wall Street Journal • Jun. 22, 2026

Sales have slowed after the expiration of the federal EV purchase tax credit in September.

From Barron's • Jun. 18, 2026

Families in the U.S. continue to have fewer children, despite modest improvements in paid parental leave, the expansion of the child tax credit, and improved workplace protections for pregnant employees.

From MarketWatch • Jun. 16, 2026

A refundable child tax credit, which proved to cut child poverty rates in half during the pandemic, would be an even stronger approach to stabilizing the lowest income families.

From The Wall Street Journal • Jun. 11, 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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