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
These protections underpinned the grand bargain at the heart of the housing deal: In exchange for a new developer tax credit to increase the supply of housing, lawmakers on the left demanded a measure that would offer tenants in market rate units new protections from evictions.
—
Grace Ashford, New York Times, 20 Apr. 2024
Filming on the second season is expected to move to California in order to benefit from a $25 million tax credit (the first season was largely shot in New York and Utah).
—James Hibberd, The Hollywood Reporter, 18 Apr. 2024
At the federal level, consumers are eligible for a tax credit that covers 30% of the cost of buying and installing a heat pump, up to a maximum of $2,000 per year.
—Andrew Heath, The Mercury News, 12 Apr. 2024
Those making more money receive less money through the tax credit.
—Detroit Free Press, 11 Apr. 2024
Additionally, the more conventional Polestar 3 will be the first of the company’s cars built in America, which may help with tax credit availability.
—Alex Kwanten, Forbes, 28 Mar. 2024
Industry experts say California’s tax credit program, which awards about $330 million annually to companies, is helpful but not enough to fully prevent the exodus.
—Ryan Faughnder, Los Angeles Times, 26 Mar. 2024
The transfer cap offered a roundabout means of limiting the tax credit.
—Gene Maddaus, Variety, 21 Mar. 2024
If this agreement goes through, around 16 million children in low-income families would benefit from this child tax credit expansion, according to the Center on Budget and Policy Priorities.
—Adriana Morga, Quartz, 8 Mar. 2024
Grace Ashford, New York Times, 20 Apr. 2024
Filming on the second season is expected to move to California in order to benefit from a $25 million tax credit (the first season was largely shot in New York and Utah).
—James Hibberd, The Hollywood Reporter, 18 Apr. 2024
At the federal level, consumers are eligible for a tax credit that covers 30% of the cost of buying and installing a heat pump, up to a maximum of $2,000 per year.
—Andrew Heath, The Mercury News, 12 Apr. 2024
Those making more money receive less money through the tax credit.
—Detroit Free Press, 11 Apr. 2024
Additionally, the more conventional Polestar 3 will be the first of the company’s cars built in America, which may help with tax credit availability.
—Alex Kwanten, Forbes, 28 Mar. 2024
Industry experts say California’s tax credit program, which awards about $330 million annually to companies, is helpful but not enough to fully prevent the exodus.
—Ryan Faughnder, Los Angeles Times, 26 Mar. 2024
The transfer cap offered a roundabout means of limiting the tax credit.
—Gene Maddaus, Variety, 21 Mar. 2024
If this agreement goes through, around 16 million children in low-income families would benefit from this child tax credit expansion, according to the Center on Budget and Policy Priorities.
—Adriana Morga, Quartz, 8 Mar. 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 26 Apr. 2024.
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