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.

The most popular was tax credits for caregivers, with 78% support.

From MarketWatch

The $7,500 federal purchase tax credit expired at the end of September.

From Barron's

The energy provider noted that its net income and adjusted operating profit declined on a year-to-year basis due to unfavorable results in its nuclear production tax credit portfolio, partially offset by favorable market conditions.

From Barron's

Parents can take advantage of a larger child tax credit.

From Los Angeles Times

The company hopes Apple’s help will enable it to expand the facility faster, said England, in part to take advantage of tax credits.

From The Wall Street Journal

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