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

Before “Tracker” secured the highest TV show tax credit, Season 3 of Amazon’s “Fallout,” which relocated from New York to Los Angeles, received a $42-million incentive.

From Los Angeles Times • May 5, 2026

This model worked off the earned-income tax credit model and had the government match go into accounts as matching income, not contributions.

From MarketWatch • Apr. 30, 2026

Dealers lowered EV prices from the average $60,446 a year ago to compensate for the loss of the EV tax credit, which expired in September 2025.

From MarketWatch • Apr. 25, 2026

U.S. sales of all-electric cars fell 27% External link year over year in the first quarter, following the September expiration of the federal $7,500 EV purchase tax credit.

From Barron's • Apr. 24, 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