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.

Dealers lowered EV prices from the average $60,446 a year ago to compensate for the loss of the EV tax credit, which expired in September 2025.

From MarketWatch • Apr. 25, 2026

Then we should tighten the existing R&D tax credit, a benefit that is being gamed by firms that are no longer at the cutting edge.

From The Wall Street Journal • Apr. 23, 2026

U.S. electric vehicle sales declined 27% year over year after the $7,500 tax credit ended, now comprising under 6% of new car sales.

From Barron's • Apr. 20, 2026

The former federal prosecutor was making the case for why a federal tax credit is needed to level the playing field.

From Los Angeles Times • Apr. 13, 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