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tax credit

British  

noun

  1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Families in the U.S. continue to have fewer children, despite modest improvements in paid parental leave, the expansion of the child tax credit, and improved workplace protections for pregnant employees.

From MarketWatch • Jun. 16, 2026

The bigger problem for the industry was the loss of the $7,500 federal purchase tax credit in September.

From Barron's • Jun. 15, 2026

A $7,500 EV tax credit for new vehicles expired in September.

From Los Angeles Times • Jun. 10, 2026

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

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

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