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
Additionally, the federal tax credit could be bundled with local incentives for more savings, putting a serious dent in the total costs of an electric vehicle purchase.
—
Charles Singh, Nashville Tennessean, 7 Nov. 2025
The tax credit is for an individual earning no more than $100,000 annually or for married couples earning no more than $200,000 annually.
—Molly Beck, jsonline.com, 6 Nov. 2025
If these credits expire, many marketplace enrollees will continue to qualify for a smaller tax credit, while others will lose eligibility.
—Cheryl Winokur Munk, CNBC, 31 Oct. 2025
Graham’s premium is currently $258 per month after the ACA tax credit is factored in.
—Justin Gomez, ABC News, 30 Oct. 2025
See All Example Sentences for tax credit
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Charles Singh, Nashville Tennessean, 7 Nov. 2025
The tax credit is for an individual earning no more than $100,000 annually or for married couples earning no more than $200,000 annually.
—Molly Beck, jsonline.com, 6 Nov. 2025
If these credits expire, many marketplace enrollees will continue to qualify for a smaller tax credit, while others will lose eligibility.
—Cheryl Winokur Munk, CNBC, 31 Oct. 2025
Graham’s premium is currently $258 per month after the ACA tax credit is factored in.
—Justin Gomez, ABC News, 30 Oct. 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 15 Nov. 2025.
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