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
Speaking of that tax credit, by the way, recent utterings from GOP senators suggest that the handy $7,500 incentive may be eliminated soon, as was promoted by President Trump on the campaign trail.
—
Peter Lyon, Forbes, 27 Feb. 2025
The local administration says the tax credit, which was introduced in 1998, has become too expensive to bankroll.
—Melanie Goodfellow, Deadline, 25 Feb. 2025
It was also amended to offer relief to those 65 and older and the disabled and to establish a tax credit for first-time homebuyers.
—Alexandra Kukulka, Chicago Tribune, 24 Feb. 2025
The Model 3 starts at $42,000 in the United States before taking into account a $7,500 federal tax credit.
—Jack Ewing, New York Times, 20 Feb. 2025
See All Example Sentences for tax credit
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Peter Lyon, Forbes, 27 Feb. 2025
The local administration says the tax credit, which was introduced in 1998, has become too expensive to bankroll.
—Melanie Goodfellow, Deadline, 25 Feb. 2025
It was also amended to offer relief to those 65 and older and the disabled and to establish a tax credit for first-time homebuyers.
—Alexandra Kukulka, Chicago Tribune, 24 Feb. 2025
The Model 3 starts at $42,000 in the United States before taking into account a $7,500 federal tax credit.
—Jack Ewing, New York Times, 20 Feb. 2025
See All Example Sentences for tax credit
Cite this Entry
“Tax credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20credit. Accessed 3 Mar. 2025.
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