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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 duo are combining this with new tax exemptions for lower-wage workers plus increased refundable tax credits to redistribute more income.

From The Wall Street Journal

The end of the $7,500 federal tax credit crushed EV sales last year.

From The Wall Street Journal

The end of the $7,500 federal tax credit last year led to plummeting EV sales, resulting in high dealer inventory.

From The Wall Street Journal

California’s economy might see a boost from the state’s expanded film tax credits, but local lawmakers say it’s not enough.

From Los Angeles Times

Buyers typically pay 90 to 95 cents for a dollar of tax credits.

From The Wall Street Journal

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