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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 new tax will fund child care programs, free school meals, tax credits for families, and tax breaks for small businesses.

From The Wall Street Journal

Most big-budget movies and a growing number of TV series now shoot overseas to take advantage of those tax credits.

From The Wall Street Journal

That would be a 9% year-over-year rise—impressive considering U.S. car buyers lost the $7,500 federal EV purchase tax credit in September and Chinese EV sales have started the year off slowly.

From Barron's

Americans lost the $7,500 EV purchase tax credit in September.

From Barron's

This week, Slovenia became the first European Union member state to implement fuel rationing, while New Zealand pledged weekly tax credits to nearly 150,000 families to help offset higher costs.

From Barron's

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