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

The moves follow the expiration of a tax credit for homeowner-owned residential solar panels, a market that Enphase depends on, at the end of last year.

From The Wall Street Journal

Over the past 20 years, Michigan and Louisiana both implemented film tax credits, only to lose their industries to more generous incentives elsewhere.

From The Wall Street Journal

In response to the loss of the federal EV tax credit, Newsom proposed a $200-million incentive program to accelerate EV adoption in his Jan. 9 budget.

From Los Angeles Times

These new goodies include no tax on tips, no tax on overtime, more generous income-tax refunds, higher childcare tax credits and deductions on interest payments for new car loans.

From MarketWatch

Keep in mind that the income thresholds that determine subsidy amounts—which decline as incomes increase—don’t include government benefits like food stamps, welfare and disability payments and the child tax credit.

From The Wall Street Journal