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
And there's still an EV tax credit of up to $7,500 depending on where the car was manufactured and where its components came from.
—
Eric Bangeman, Ars Technica, 14 Feb. 2025
Child tax credit FAQs Is there a state child tax credit?
—Dan Avery, CNBC, 12 Feb. 2025
Trump may also remove the $7,500 federal tax credit for qualifying buyers who purchase an EV, which was part of Biden's 2022 Inflation Reduction Act (IRA).
—Emily Forlini, PCMAG, 11 Feb. 2025
The child tax credit was temporarily expanded in 2021, contributing to a significant reduction in child poverty that year.
—Jason Furman, Foreign Affairs, 10 Feb. 2025
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Eric Bangeman, Ars Technica, 14 Feb. 2025
Child tax credit FAQs Is there a state child tax credit?
—Dan Avery, CNBC, 12 Feb. 2025
Trump may also remove the $7,500 federal tax credit for qualifying buyers who purchase an EV, which was part of Biden's 2022 Inflation Reduction Act (IRA).
—Emily Forlini, PCMAG, 11 Feb. 2025
The child tax credit was temporarily expanded in 2021, contributing to a significant reduction in child poverty that year.
—Jason Furman, Foreign Affairs, 10 Feb. 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 22 Feb. 2025.
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