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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.

The average electric vehicle costs about $55,000, and the expiration of a $7,500 tax credit further hinders U.S. adoption compared to Europe and China.

From Barron's • May 8, 2026

Each donor can receive the tax credit on contributions up to $1,700.

From The Wall Street Journal • May 8, 2026

The tax credit is based on the show’s projected spending of more than $129 million.

From Los Angeles Times • May 5, 2026

Some people rushed to buy an EV before the tax credit expired.

From MarketWatch • May 2, 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