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

While New York’s child tax credit is income-limited, anyone—regardless of wealth—would be able to get taxpayer money to cover dog and cat expenses.

From The Wall Street Journal • May 31, 2026

If that happens, the tax credit could in some ways outstrip what parents get from the state.

From The Wall Street Journal • May 31, 2026

Durazo has authored successful legislation in Sacramento to close loopholes that make it easier for landlords to evict tenants and introduced legislation to create a tax credit for businesses that hire homeless people.

From Los Angeles Times • May 30, 2026

Eligible families will also receive a NZ$50 per week tax credit for up to a year, according to the budget document.

From Barron's • May 28, 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