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
Jose Valdez of San Antonio owns three EVs, including a new Mustang Mach-E. With a tax credit and other incentives, the sleek new car cost about $49,000, Valdez said.
—
CBS News, 4 June 2024
Jose Valdez of San Antonio owns three EVs, including a new Mustang Mach-E. With a tax credit and other incentives, the sleek new car cost about $49,000, Mr. Valdez said.
—Matthew Daly and Linley Sanders, The Christian Science Monitor, 4 June 2024
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
CBS News, 4 June 2024
Jose Valdez of San Antonio owns three EVs, including a new Mustang Mach-E. With a tax credit and other incentives, the sleek new car cost about $49,000, Mr. Valdez said.
—Matthew Daly and Linley Sanders, The Christian Science Monitor, 4 June 2024
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
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.
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 14 Jun. 2024.
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