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 state’s Caring for Caregivers tax credit, enacted in 2024, allows eligible caregivers to claim 50% of qualifying expenses, capped at $2,000 per family member, or $3,000 for veterans or individuals with a dementia diagnosis.
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Ben Fenwick, Oklahoma Watch, 12 Jan. 2026
Higher credits and deductions for children and seniors The child tax credit goes up to $2,200 from $2,000 for qualified taxpayers.
—Don Sweeney, Sacbee.com, 12 Jan. 2026
Council President Julie Menin noted the state’s existing tax credit.
—Ted Johnson, Deadline, 12 Jan. 2026
Some of Colorado's congressional representatives are reacting to the 3-year Affordable Care Act tax credit extension passed by the House on Thursday.
—Jennifer McRae, CBS News, 9 Jan. 2026
See All Example Sentences for tax credit
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Ben Fenwick, Oklahoma Watch, 12 Jan. 2026
Higher credits and deductions for children and seniors The child tax credit goes up to $2,200 from $2,000 for qualified taxpayers.
—Don Sweeney, Sacbee.com, 12 Jan. 2026
Council President Julie Menin noted the state’s existing tax credit.
—Ted Johnson, Deadline, 12 Jan. 2026
Some of Colorado's congressional representatives are reacting to the 3-year Affordable Care Act tax credit extension passed by the House on Thursday.
—Jennifer McRae, CBS News, 9 Jan. 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 15 Jan. 2026.
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