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tax credit

British

noun

(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.

Unlike a straightforward increase in the child tax credit, projecting the overtime deduction requires knowing people’s incomes, work patterns and likelihood of altering behavior because of the new break.

From The Wall Street Journal • Apr. 4, 2026

In 2024, returns prepared by non-credentialed preparers accounted for 96% of audit adjustments related to the earned-income tax credit, according to TAS.

From Barron's • Mar. 28, 2026

The amounts can go up even higher if the family qualifies for the earned-income tax credit.

From MarketWatch • Mar. 23, 2026

The end of the $7,500 federal tax credit last year led to plummeting EV sales, resulting in high dealer inventory.

From The Wall Street Journal • Mar. 22, 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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023