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

Keep in mind that the income thresholds that determine subsidy amounts—which decline as incomes increase—don’t include government benefits like food stamps, welfare and disability payments and the child tax credit.

From The Wall Street Journal

These rules can help people with disabilities save more of their earned income, redirect unused college funds and get tax credits in a tax-free account.

From MarketWatch

Part of the reason for the decline was the loss of the $7,500 federal EV purchase tax credit in September.

From Barron's

Converting too much to a Roth in one year can raise your income, push you into a higher tax bracket and reduce — or even eliminate — your ACA premium tax credits.

From MarketWatch

He even invited state lawmakers on set while filming Season 2 to show them the importance of California’s film and TV tax credit program to reverse the exodus of Hollywood productions.

From Los Angeles Times