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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.

For Rivian to meet expectations, it will have to deliver the best midsize EV launch in five years and do so without the cushion of federal tax credits or a mass-channel dealer network, D.A.

From MarketWatch

The EV market faces headwinds, including the elimination of a $7,500 tax credit, contributing to a 36% drop in U.S.

From Barron's

Investors have been focused on EV affordability after the $7,500 federal EV purchase tax credit expired in September.

From Barron's

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023