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 list of electric vehicles that qualify for the IRS clean vehicle tax credit has changed with the arrival of the new year.
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Ars Technica, 9 Jan. 2025
This is something the BBC could echo in its conversations with ministers and comedy boss Jon Petrie has already called for a comedy tax credit.
—Jake Kanter, Deadline, 8 Jan. 2025
The refundable portion of the tax credit is $1,700 per qualifying child.
—Kevin Lynn, Newsweek, 7 Jan. 2025
During the early years of the coronavirus pandemic, an expansion of the federal child tax credit led to dramatic reductions in adolescent poverty.
—Benjamin Oreskes, New York Times, 6 Jan. 2025
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Ars Technica, 9 Jan. 2025
This is something the BBC could echo in its conversations with ministers and comedy boss Jon Petrie has already called for a comedy tax credit.
—Jake Kanter, Deadline, 8 Jan. 2025
The refundable portion of the tax credit is $1,700 per qualifying child.
—Kevin Lynn, Newsweek, 7 Jan. 2025
During the early years of the coronavirus pandemic, an expansion of the federal child tax credit led to dramatic reductions in adolescent poverty.
—Benjamin Oreskes, New York Times, 6 Jan. 2025
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 20 Jan. 2025.
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