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 European Union and the U.K. mandated SAF use, while U.S. production rose in 2025, but a federal tax credit was cut, hindering a 3 billion gallon target.

From The Wall Street Journal • Jun. 2, 2026

Bills before the Senate and Assembly would institute a nonrefundable tax credit for pet owners, and the sponsors would like to see it made refundable to maximize its helpfulness to lower-income residents.

From The Wall Street Journal • May 31, 2026

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

Lawmakers in Albany mull a tax credit for New York state pets.

From The Wall Street Journal • May 31, 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