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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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While exact provisions are still being negotiated, the expectation is that the credit will be stackable with states’ incentives — similar to how Canada’s tax credit works.

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

A 20% federal tax credit on all labor costs — including for salaries of actors and crew members — is being discussed.

From Los Angeles Times Sep. 3, 2026

Electric sales have declined after a $7,500 federal tax credit was phased out.

From The Wall Street Journal Sep. 2, 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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