tax credit

British  

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

---

Example Sentences

Ford’s EV business has been struggling lately as demand for the vehicles has cooled, in part due to the end of a lucrative federal tax credit for EVs.

From The Wall Street Journal

The $7,500 federal EV purchase tax credit expired in September, making all EVs less affordable.

From Barron's

The most popular was tax credits for caregivers, with 78% support.

From MarketWatch

The $7,500 federal purchase tax credit expired at the end of September.

From Barron's

The energy provider noted that its net income and adjusted operating profit declined on a year-to-year basis due to unfavorable results in its nuclear production tax credit portfolio, partially offset by favorable market conditions.

From Barron's