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 return needs a correction to the child tax credit or recovery rebate credit amount.
—
Marley Malenfant, Austin American Statesman, 18 Feb. 2026
In other words, Illinois residents will still take advantage of the tax credit, but only students outside Illinois will receive the benefit.
—Susana A. Mendoza, Chicago Tribune, 18 Feb. 2026
Moriarty says the bill would establish a historic diner and family restaurant registry offering the businesses an annual tax credit up to $25,000.
—Ryan Hughes, CBS News, 17 Feb. 2026
The Saver’s Match replaces a current non-refundable tax credit for low- and moderate-income workers who save for retirement in a workplace plan or IRA.
—Jeanne Sahadi, CNN Money, 16 Feb. 2026
See All Example Sentences for tax credit
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Marley Malenfant, Austin American Statesman, 18 Feb. 2026
In other words, Illinois residents will still take advantage of the tax credit, but only students outside Illinois will receive the benefit.
—Susana A. Mendoza, Chicago Tribune, 18 Feb. 2026
Moriarty says the bill would establish a historic diner and family restaurant registry offering the businesses an annual tax credit up to $25,000.
—Ryan Hughes, CBS News, 17 Feb. 2026
The Saver’s Match replaces a current non-refundable tax credit for low- and moderate-income workers who save for retirement in a workplace plan or IRA.
—Jeanne Sahadi, CNN Money, 16 Feb. 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 20 Feb. 2026.
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