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
Even bipartisan efforts like the CIRCUIT Act—introduced in February 2025 to incentivize domestic transformer production through a 10% tax credit—remain stalled in committee, despite widespread industry support and urgent supply chain concerns.
—
Robert Rapier, Forbes.com, 7 Sep. 2025
The 40 percent tax credit also matches every dollar spent on eligible local labor with non-local labor expenditures on both above- and below-the-line crewmembers.
—Etan Vlessing, HollywoodReporter, 7 Sep. 2025
Car buyers can expect EV deals Savvy consumers can't help but be aware of the EV tax credit's impending death.
—Jamie L. Lareau, USA Today, 6 Sep. 2025
The country’s competitive tax incentives, a transferable tax credit equivalent to 25% of all qualified expenses incurred in the Dominican Republic and an 18% VAT exemption on goods and services, have spurred local production and attracted a host of high-profile international projects.
—Anna Marie De La Fuente, Variety, 5 Sep. 2025
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Robert Rapier, Forbes.com, 7 Sep. 2025
The 40 percent tax credit also matches every dollar spent on eligible local labor with non-local labor expenditures on both above- and below-the-line crewmembers.
—Etan Vlessing, HollywoodReporter, 7 Sep. 2025
Car buyers can expect EV deals Savvy consumers can't help but be aware of the EV tax credit's impending death.
—Jamie L. Lareau, USA Today, 6 Sep. 2025
The country’s competitive tax incentives, a transferable tax credit equivalent to 25% of all qualified expenses incurred in the Dominican Republic and an 18% VAT exemption on goods and services, have spurred local production and attracted a host of high-profile international projects.
—Anna Marie De La Fuente, Variety, 5 Sep. 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 11 Sep. 2025.
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