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
Combined with the tax credit and modest prices, making the jump to an EV now may be a wise decision.
—
Ramon Padilla, USA Today, 13 Sep. 2025
In August, the average buyer paid $57,245 for an EV, and that's factoring in the tax credit.
—Senior Reporter, PC Magazine, 12 Sep. 2025
Child Tax Credit For 2026, Bloomberg predicts the amount of the child tax credit will be $2,200.
—Kelly Phillips Erb, Forbes.com, 11 Sep. 2025
Another option for people is the foreign tax credit.
—Celia Fernandez, CNBC, 11 Sep. 2025
See All Example Sentences for tax credit
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Ramon Padilla, USA Today, 13 Sep. 2025
In August, the average buyer paid $57,245 for an EV, and that's factoring in the tax credit.
—Senior Reporter, PC Magazine, 12 Sep. 2025
Child Tax Credit For 2026, Bloomberg predicts the amount of the child tax credit will be $2,200.
—Kelly Phillips Erb, Forbes.com, 11 Sep. 2025
Another option for people is the foreign tax credit.
—Celia Fernandez, CNBC, 11 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 18 Sep. 2025.
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