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
Ireland is launching Europe’s first tax credit for unscripted shows, offering a rebate of up to 20% of expenditure.
—
Jesse Whittock, Deadline, 5 Jan. 2026
Tesla on Friday reported a second straight annual drop in electric vehicle sales, as the phaseout of a $7,500 federal EV tax credit and mounting competition weighed on demand.
—Aimee Picchi, CBS News, 2 Jan. 2026
The rush to take advantage of the soon-to-expire tax credit helped sales in the third quarter.
—Chris Isidore, CNN Money, 2 Jan. 2026
Its third-quarter deliveries saw a boost as consumers rushed to buy electric vehicles before a $7,500 tax credit expired at the end of September.
—Los Angeles Times, 2 Jan. 2026
See All Example Sentences for tax credit
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Jesse Whittock, Deadline, 5 Jan. 2026
Tesla on Friday reported a second straight annual drop in electric vehicle sales, as the phaseout of a $7,500 federal EV tax credit and mounting competition weighed on demand.
—Aimee Picchi, CBS News, 2 Jan. 2026
The rush to take advantage of the soon-to-expire tax credit helped sales in the third quarter.
—Chris Isidore, CNN Money, 2 Jan. 2026
Its third-quarter deliveries saw a boost as consumers rushed to buy electric vehicles before a $7,500 tax credit expired at the end of September.
—Los Angeles Times, 2 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 10 Jan. 2026.
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