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 bipartisan Credit for Caring Act, which is in both chambers, would provide a $5,000 tax credit to working caregivers.
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Sarah Agostino, CNBC, 20 Apr. 2026
The tax credit was extended for eight years under President Obama and later extended under Trump in 2020.
—Ayurella Horn-Muller, Los Angeles Times, 20 Apr. 2026
The tax credit was extended for eight years under President Barack Obama and later extended under Trump in 2020.
—ABC News, 17 Apr. 2026
Later, Cheeks specified that California covering above-the-line costs with its tax credit — like competitor states New York, Georgia and New Mexico do — would help make the Golden State more attractive to the studio.
—Katie Kilkenny, HollywoodReporter, 15 Apr. 2026
See All Example Sentences for tax credit
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Sarah Agostino, CNBC, 20 Apr. 2026
The tax credit was extended for eight years under President Obama and later extended under Trump in 2020.
—Ayurella Horn-Muller, Los Angeles Times, 20 Apr. 2026
The tax credit was extended for eight years under President Barack Obama and later extended under Trump in 2020.
—ABC News, 17 Apr. 2026
Later, Cheeks specified that California covering above-the-line costs with its tax credit — like competitor states New York, Georgia and New Mexico do — would help make the Golden State more attractive to the studio.
—Katie Kilkenny, HollywoodReporter, 15 Apr. 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 22 Apr. 2026.
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