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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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Their 2021 Covid-era child tax credit offered $3,600 for young children, with the full amount available to those without earnings and partially paid monthly.

From The Wall Street Journal Sep. 13, 2026

Pay attention to a recent bipartisan bill to expand the child tax credit.

From The Wall Street Journal Sep. 13, 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

Having Schiff and Trump on the same side of this national tax credit is emblematic of the odd bedfellows the effort has gathered.

From Los Angeles Times Sep. 3, 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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