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
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
California Governor Gavin Newsom vowed to bring back the state’s rebate for new electric vehicle purchases if President-elect Donald Trump follow through on his threat to kill the federal tax credit.
—Andrew J. Hawkins, The Verge, 25 Nov. 2024
Under the current law, consumers can receive a tax credit of up to $7,500 for a new electric, plug-in hybrid or fuel cell vehicles and up to $4,000 for a used one.
—Joanne Haner, The Hill, 25 Nov. 2024
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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
California Governor Gavin Newsom vowed to bring back the state’s rebate for new electric vehicle purchases if President-elect Donald Trump follow through on his threat to kill the federal tax credit.
—Andrew J. Hawkins, The Verge, 25 Nov. 2024
Under the current law, consumers can receive a tax credit of up to $7,500 for a new electric, plug-in hybrid or fuel cell vehicles and up to $4,000 for a used one.
—Joanne Haner, The Hill, 25 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 3 Dec. 2024.
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