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
Formally being called a new, non-refundable homestead tax credit capped at $300, the tax break will affect the district since most of it is residential property.
—
Shelley Jones, Chicago Tribune, 8 July 2025
California currently provides a 20% to 25% tax credit to offset qualified production expenses, such as money spent on film crews and building sets.
—Los Angeles Times, 8 July 2025
Myers pitched two proposals to address California’s sky-high housing costs for residents: Building housing for teachers on state land and offering first time homebuyers a $25,000 tax credit.
—William Melhado
july 7, Sacbee.com, 7 July 2025
The bill modestly and permanently raises the maximum amount of the child tax credit from $2,000 to $2,200 per child under the age of 17 and requires at least one parent to have a Social Security number.
—Lisa Hagen, Hartford Courant, 4 July 2025
See All Example Sentences for tax credit
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Shelley Jones, Chicago Tribune, 8 July 2025
California currently provides a 20% to 25% tax credit to offset qualified production expenses, such as money spent on film crews and building sets.
—Los Angeles Times, 8 July 2025
Myers pitched two proposals to address California’s sky-high housing costs for residents: Building housing for teachers on state land and offering first time homebuyers a $25,000 tax credit.
—William Melhado
july 7, Sacbee.com, 7 July 2025
The bill modestly and permanently raises the maximum amount of the child tax credit from $2,000 to $2,200 per child under the age of 17 and requires at least one parent to have a Social Security number.
—Lisa Hagen, Hartford Courant, 4 July 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 12 Jul. 2025.
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