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

Programs experiencing the largest share of improper payments, which aren’t always caused by fraud, include Medicare, Medicaid, the earned-income tax credit and SNAP, according to the GAO.

From The Wall Street Journal

The statute also sweetened the child tax credit, increased the standard deduction and kept tax rates from rising.

From MarketWatch

Sales in October and November fell after the removal of the $7,500 federal EV purchase tax credit in September.

From Barron's

Tesla, like other EV sellers, is benefiting from Chinese consumers’ rush to take advantage of a tax credit that expires at the end of the year.

From MarketWatch

It would receive Treasury checks of $3,400 in refundable child tax credits and $4,400 in refundable earned-income tax credits.

From The Wall Street Journal