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
Employee Retention Tax Credit Democrats also raised concerns about Long’s involvement with the employee retention tax credit (ERC).
—
Kelly Phillips Erb, Forbes.com, 21 May 2025
There is also a temporary $500 increase in the child tax credit, bringing it to $2,500 for 2025 through 2028.
—Kevin Freking, Los Angeles Times, 21 May 2025
The budget bill, over 1,100 pages long, includes wide-ranging provisions: tax cuts originally passed during Trump's first term would be made permanent, the standard deduction would be increased to $32,000 for joint filers, and the child tax credit would rise to $2,500.
—Suzanne Blake, MSNBC Newsweek, 20 May 2025
Bloomberg Tax reported on the existence of the tax credit arrangement.
—Samantha-Jo Roth, The Washington Examiner, 20 May 2025
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Kelly Phillips Erb, Forbes.com, 21 May 2025
There is also a temporary $500 increase in the child tax credit, bringing it to $2,500 for 2025 through 2028.
—Kevin Freking, Los Angeles Times, 21 May 2025
The budget bill, over 1,100 pages long, includes wide-ranging provisions: tax cuts originally passed during Trump's first term would be made permanent, the standard deduction would be increased to $32,000 for joint filers, and the child tax credit would rise to $2,500.
—Suzanne Blake, MSNBC Newsweek, 20 May 2025
Bloomberg Tax reported on the existence of the tax credit arrangement.
—Samantha-Jo Roth, The Washington Examiner, 20 May 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 28 May. 2025.
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