tax credit
noun
: an amount of money that is subtracted from taxes owed
Families with children in college will receive a tax credit this year.
Examples of tax credit in a Sentence
Recent Examples on the Web
The reason is simple economics: since the sunset of the Sunshine State’s film and TV tax incentive in 2015, productions have gone elsewhere, most notably its neighbor to the north, Georgia, which offers a 20%-30% refundable tax credit.
—
Todd Longwell, Variety, 18 May 2024
The most profitable Broadway shows are supposed to reimburse the state for as much as half the tax credit’s value when their net profits exceed a certain threshold, with the money going to the New York State Council on the Arts.
—Michael Paulson, New York Times, 17 May 2024
The committee amended the bill to create an enhanced employee tax credit for very small newsrooms, with five or fewer employees, and also to set aside funds for fellowships and training assistance for reporters.
—Andrew Sheeler, Sacramento Bee, 17 May 2024
Unscrupulous tax return preparers inflated refunds by erroneously claiming the fuel tax credit by filing Form 4136, Credit for Federal Tax Paid on Fuels.
—Susan Tompor, Detroit Free Press, 16 May 2024
The tax credit policy is a key driver for the $61 billion EV industry, which analysts expect will continue to grow between 20% and 30% this year even as demand cools.
—Dylan Sloan, Fortune, 6 May 2024
The auto industry pushed the administration to back off the tax credit’s more restrictive rules
There are also income limits for buyers and strict rules for the vehicles and batteries.
—Andrew J. Hawkins, The Verge, 3 May 2024
The Biden administration is giving automakers a little leeway around some of the strict rules regarding eligibility for the government’s $7,500 tax credit.
—Andrew J. Hawkins, The Verge, 3 May 2024
Glazer said that a journalist at a small publication making $60,000 a year would generate a tax credit of $24,000.
—Andrew Sheeler, Sacramento Bee, 2 May 2024
Todd Longwell, Variety, 18 May 2024
The most profitable Broadway shows are supposed to reimburse the state for as much as half the tax credit’s value when their net profits exceed a certain threshold, with the money going to the New York State Council on the Arts.
—Michael Paulson, New York Times, 17 May 2024
The committee amended the bill to create an enhanced employee tax credit for very small newsrooms, with five or fewer employees, and also to set aside funds for fellowships and training assistance for reporters.
—Andrew Sheeler, Sacramento Bee, 17 May 2024
Unscrupulous tax return preparers inflated refunds by erroneously claiming the fuel tax credit by filing Form 4136, Credit for Federal Tax Paid on Fuels.
—Susan Tompor, Detroit Free Press, 16 May 2024
The tax credit policy is a key driver for the $61 billion EV industry, which analysts expect will continue to grow between 20% and 30% this year even as demand cools.
—Dylan Sloan, Fortune, 6 May 2024
The auto industry pushed the administration to back off the tax credit’s more restrictive rules
There are also income limits for buyers and strict rules for the vehicles and batteries.
—Andrew J. Hawkins, The Verge, 3 May 2024
The Biden administration is giving automakers a little leeway around some of the strict rules regarding eligibility for the government’s $7,500 tax credit.
—Andrew J. Hawkins, The Verge, 3 May 2024
Glazer said that a journalist at a small publication making $60,000 a year would generate a tax credit of $24,000.
—Andrew Sheeler, Sacramento Bee, 2 May 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Tax credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20credit. Accessed 21 May. 2024.
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