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
This tax credit gives homeowners up to $3,200 each year to help cover the cost of these appliances or insulation upgrades.
—
Ella Nilsen, CNN Money, 14 Aug. 2025
Are you encouraged by the recent tax credit increases?
—Chris Gardner, HollywoodReporter, 12 Aug. 2025
After leaving Congress to mount an unsuccessful bid for the U.S. Senate, Long worked with a firm that distributed the pandemic-era employee retention tax credit.
—Fatima Hussein, Chicago Tribune, 8 Aug. 2025
Congress could pass the bipartisan Credit for Caring Act, a refundable tax credit up to $5,000 for caregiving expenses.
—Margaret Norris, Boston Herald, 31 July 2025
See All Example Sentences for tax credit
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Ella Nilsen, CNN Money, 14 Aug. 2025
Are you encouraged by the recent tax credit increases?
—Chris Gardner, HollywoodReporter, 12 Aug. 2025
After leaving Congress to mount an unsuccessful bid for the U.S. Senate, Long worked with a firm that distributed the pandemic-era employee retention tax credit.
—Fatima Hussein, Chicago Tribune, 8 Aug. 2025
Congress could pass the bipartisan Credit for Caring Act, a refundable tax credit up to $5,000 for caregiving expenses.
—Margaret Norris, Boston Herald, 31 July 2025
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 21 Aug. 2025.
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