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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

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The child tax credit will be $2,300 in 2027, up from $2,200.

From The Wall Street Journal ● Nov. 5, 2026

Inflation adjustments to tax brackets, the standard deduction, the child tax credit and more are meant to give taxpayers relief from rising costs of living.

From The Wall Street Journal ● Nov. 5, 2026

Gov. Gavin Newsom signed AB 2319, California’s first standalone post-production tax credit, offering 35% to 50% back to lure editing, sound and VFX work home.

From Los Angeles Times ● Nov. 2, 2026

By 2024, households with children had about $29,000 of additional annual expenses, even after accounting for a $1,000 increase to the child tax credit, LendingTree estimated.

From MarketWatch ● Oct. 8, 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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