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 low-income housing tax credit program favors new construction over preservation in allocation formulas.
—
Rafael Leon, Chicago Tribune, 11 Mar. 2026
America’s governors are weighing whether to allow their residents to claim a federal tax credit for donations to voucher or scholarship programs.
—Editorial Board, Washington Post, 10 Mar. 2026
And a third nearly identical child tax credit proposal is pending before the Finance, Revenue and Bonding Committee.
—Keith M. Phaneuf, Hartford Courant, 10 Mar. 2026
The return needs a correction to the child tax credit or recovery rebate credit amount.
—Marley Malenfant, Austin American Statesman, 9 Mar. 2026
See All Example Sentences for tax credit
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Rafael Leon, Chicago Tribune, 11 Mar. 2026
America’s governors are weighing whether to allow their residents to claim a federal tax credit for donations to voucher or scholarship programs.
—Editorial Board, Washington Post, 10 Mar. 2026
And a third nearly identical child tax credit proposal is pending before the Finance, Revenue and Bonding Committee.
—Keith M. Phaneuf, Hartford Courant, 10 Mar. 2026
The return needs a correction to the child tax credit or recovery rebate credit amount.
—Marley Malenfant, Austin American Statesman, 9 Mar. 2026
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 17 Mar. 2026.
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