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 plan also includes a new tax credit for independent films shot in the U.K. that have a budget less than $19 million (£15 million), and a 5% increase in credit for visual effects in film and high-end TV.
—
Naman Ramachandran, Variety, 22 May 2024
The money extracted from that fee would fund a new tax credit for qualifying news outlets.
—Andrew Sheeler, Sacramento Bee, 17 May 2024
Last month, the state even approved a tax credit for news organizations.
—Michael Paulson, New York Times, 17 May 2024
With the goal of preservation in mind, a bill at the state Legislature introduced in late March offers a tax credit covering up to 30% of the cost of an office-to-housing conversion, provided that the project retains about 75% of the existing structure.
—Frederick Melo, Twin Cities, 10 May 2024
The reason is simple economics: since the sunset of the Sunshine State’s film and TV tax incentive in 2015, productions have gone elsewhere, most notably its neighbor to the north, Georgia, which offers a 20%-30% refundable tax credit.
—Todd Longwell, Variety, 18 May 2024
The most profitable Broadway shows are supposed to reimburse the state for as much as half the tax credit’s value when their net profits exceed a certain threshold, with the money going to the New York State Council on the Arts.
—Michael Paulson, New York Times, 17 May 2024
The committee amended the bill to create an enhanced employee tax credit for very small newsrooms, with five or fewer employees, and also to set aside funds for fellowships and training assistance for reporters.
—Andrew Sheeler, Sacramento Bee, 17 May 2024
Unscrupulous tax return preparers inflated refunds by erroneously claiming the fuel tax credit by filing Form 4136, Credit for Federal Tax Paid on Fuels.
—Susan Tompor, Detroit Free Press, 16 May 2024
Naman Ramachandran, Variety, 22 May 2024
The money extracted from that fee would fund a new tax credit for qualifying news outlets.
—Andrew Sheeler, Sacramento Bee, 17 May 2024
Last month, the state even approved a tax credit for news organizations.
—Michael Paulson, New York Times, 17 May 2024
With the goal of preservation in mind, a bill at the state Legislature introduced in late March offers a tax credit covering up to 30% of the cost of an office-to-housing conversion, provided that the project retains about 75% of the existing structure.
—Frederick Melo, Twin Cities, 10 May 2024
The reason is simple economics: since the sunset of the Sunshine State’s film and TV tax incentive in 2015, productions have gone elsewhere, most notably its neighbor to the north, Georgia, which offers a 20%-30% refundable tax credit.
—Todd Longwell, Variety, 18 May 2024
The most profitable Broadway shows are supposed to reimburse the state for as much as half the tax credit’s value when their net profits exceed a certain threshold, with the money going to the New York State Council on the Arts.
—Michael Paulson, New York Times, 17 May 2024
The committee amended the bill to create an enhanced employee tax credit for very small newsrooms, with five or fewer employees, and also to set aside funds for fellowships and training assistance for reporters.
—Andrew Sheeler, Sacramento Bee, 17 May 2024
Unscrupulous tax return preparers inflated refunds by erroneously claiming the fuel tax credit by filing Form 4136, Credit for Federal Tax Paid on Fuels.
—Susan Tompor, Detroit Free Press, 16 May 2024
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 2 Jun. 2024.
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