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

The former federal prosecutor was making the case for why a federal tax credit is needed to level the playing field.

From Los Angeles Times • Apr. 13, 2026

Sales of electric vehicles plunged after the president ended a $7,500 tax credit, but high gas prices just helped drive a 12% jump in used-EV sales.

From The Wall Street Journal • Apr. 13, 2026

To many of California’s lawmakers, the state’s film and TV tax credit isn’t enough.

From Los Angeles Times • Apr. 13, 2026

However, the models weren’t as cheap as some investors had anticipated, especially after the U.S. scrapped the federal $7,500 EV tax credit.

From MarketWatch • Apr. 9, 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