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

Until last September, car buyers could claim a $7,500 tax credit for eligible new EVs, while used-EV buyers could claim a $4,000 tax credit.

From MarketWatch • May 2, 2026

When it comes to tenants, Steyer wants to expand the state renter’s tax credit and preserve its rent control framework that he says balances the need for more construction and protection of tenants.

From Los Angeles Times • May 1, 2026

This model worked off the earned-income tax credit model and had the government match go into accounts as matching income, not contributions.

From MarketWatch • Apr. 30, 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

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