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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.

Bills before the Senate and Assembly would institute a nonrefundable tax credit for pet owners, and the sponsors would like to see it made refundable to maximize its helpfulness to lower-income residents.

From The Wall Street Journal • May 31, 2026

Lawmakers in Albany mull a tax credit for New York state pets.

From The Wall Street Journal • May 31, 2026

Durazo has authored successful legislation in Sacramento to close loopholes that make it easier for landlords to evict tenants and introduced legislation to create a tax credit for businesses that hire homeless people.

From Los Angeles Times • May 30, 2026

Eligible families will also receive a NZ$50 per week tax credit for up to a year, according to the budget document.

From Barron's • May 28, 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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