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
Some EVs, and some EV buyers, are not eligible for the $7,500 federal tax credit.
—
Robert Ferris, CNBC, 17 July 2024
In the coming months, GM is set to launch an electric version of the Chevy Equinox at about $35,000 before taking into account a $7,500 federal tax credit.
—Alicia Adamczyk, Fortune, 10 July 2024
That includes sourcing requirements for the 30D clean vehicle tax credit, which has been the subject of considerable debate (even Joe Manchin at one point threatened to sue).
—Nick Sobczyk, Axios, 9 July 2024
In other words, there’s a decent argument for buying a used EV soon, especially because only a finite pool of used cars qualifies for a government tax credit.
—Matteo Wong, The Atlantic, 8 July 2024
See all Example Sentences for tax credit 
Robert Ferris, CNBC, 17 July 2024
In the coming months, GM is set to launch an electric version of the Chevy Equinox at about $35,000 before taking into account a $7,500 federal tax credit.
—Alicia Adamczyk, Fortune, 10 July 2024
That includes sourcing requirements for the 30D clean vehicle tax credit, which has been the subject of considerable debate (even Joe Manchin at one point threatened to sue).
—Nick Sobczyk, Axios, 9 July 2024
In other words, there’s a decent argument for buying a used EV soon, especially because only a finite pool of used cars qualifies for a government tax credit.
—Matteo Wong, The Atlantic, 8 July 2024
See all Example Sentences for tax credit
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near tax credit
Cite this Entry
“Tax credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20credit. Accessed 26 Jul. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share