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

Sales in October and November fell after the removal of the $7,500 federal EV purchase tax credit in September.

From Barron's

Tesla, like other EV sellers, is benefiting from Chinese consumers’ rush to take advantage of a tax credit that expires at the end of the year.

From MarketWatch

It would receive Treasury checks of $3,400 in refundable child tax credits and $4,400 in refundable earned-income tax credits.

From The Wall Street Journal

This is the fourth round of TV or film projects that have been awarded tax credits under the revised program.

From Los Angeles Times

He said that a fraud rate for BBLs at around 4% was in line with other large government schemes such as universal credit, working tax credit or housing benefit.

From BBC