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
Harris also proposed to address high housing prices with downpayment assistance, a tax credit for first-time homebuyers and incentives for new housing construction.
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Ben Adler, USA TODAY, 15 Sep. 2024
Down Payment Assistance for First-Time Homebuyers Vice President Harris is proposing a $25,000 tax credit for first-time homebuyers.
—Mike Patton, Forbes, 13 Sep. 2024
As proposed in 2023, the tax credit would be 30% of production costs, matching the going rate in Georgia and other states.
—Gene Maddaus, Variety, 13 Sep. 2024
Fourteen states have voucher programs, 22 states have scholarship programs funded through tax credits, and ten states allow parents to deduct or get a tax credit for private school expenses.
—Krista Kafer, The Denver Post, 12 Sep. 2024
See all Example Sentences for tax credit 
Ben Adler, USA TODAY, 15 Sep. 2024
Down Payment Assistance for First-Time Homebuyers Vice President Harris is proposing a $25,000 tax credit for first-time homebuyers.
—Mike Patton, Forbes, 13 Sep. 2024
As proposed in 2023, the tax credit would be 30% of production costs, matching the going rate in Georgia and other states.
—Gene Maddaus, Variety, 13 Sep. 2024
Fourteen states have voucher programs, 22 states have scholarship programs funded through tax credits, and ten states allow parents to deduct or get a tax credit for private school expenses.
—Krista Kafer, The Denver Post, 12 Sep. 2024
See all Example Sentences for tax credit
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 19 Sep. 2024.
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