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
Advertisement The film tax credit is popular among lawmakers from Los Angeles, where a majority of the 125,000 film industry jobs are based.
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Taryn Luna, Los Angeles Times, 11 Dec. 2024
In 2025, the tax credit for qualified buyers will decrease to $3,500.
—John Frank, Axios, 6 Dec. 2024
Right now, the Model Y (and Model 3) is offered with the $7,500 tax credit for both purchases and leases.
—Brooke Crothers, Forbes, 28 Nov. 2024
According to Reuters, President-elect Donald Trump's transition team does plan to kill the $7,500 consumer tax credit for electric vehicle purchases.
—Jennifer Jolly, USA TODAY, 26 Nov. 2024
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Taryn Luna, Los Angeles Times, 11 Dec. 2024
In 2025, the tax credit for qualified buyers will decrease to $3,500.
—John Frank, Axios, 6 Dec. 2024
Right now, the Model Y (and Model 3) is offered with the $7,500 tax credit for both purchases and leases.
—Brooke Crothers, Forbes, 28 Nov. 2024
According to Reuters, President-elect Donald Trump's transition team does plan to kill the $7,500 consumer tax credit for electric vehicle purchases.
—Jennifer Jolly, USA TODAY, 26 Nov. 2024
See all Example Sentences for tax credit
Dictionary Entries Near tax credit
Cite this Entry
“Tax credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20credit. Accessed 24 Dec. 2024.
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