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tax credit

British

noun

(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.

Sen. Adam Schiff has introduced a federal-level tax credit to bring productions back to the U.S.

From Los Angeles Times • Apr. 13, 2026

To many of California’s lawmakers, the state’s film and TV tax credit isn’t enough.

From Los Angeles Times • Apr. 13, 2026

However, the models weren’t as cheap as some investors had anticipated, especially after the U.S. scrapped the federal $7,500 EV tax credit.

From MarketWatch • Apr. 9, 2026

Many EVs are leased, a legacy of how the federal government’s former $7,500 purchase tax credit was administered.

From Barron's • Apr. 7, 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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023