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 tax credit program is authorized to continue through 2031.
—
Jt Moodee Lockman, CBS News, 24 Mar. 2026
Starting April 7, about 143,000 households with children will get the extra money through a boost to the working families tax credit.
—Charlene Gubash, NBC news, 24 Mar. 2026
Taxpayers should be aware that the child tax credit isn’t new, but increased to $2,200 per child from $2,000 per child.
—Michael Butler, Miami Herald, 23 Mar. 2026
Give a tax credit of 15% of pay to all ranks that will produce a refund check even if no tax is owed.
—Edward Lotterman, Twin Cities, 22 Mar. 2026
See All Example Sentences for tax credit
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Jt Moodee Lockman, CBS News, 24 Mar. 2026
Starting April 7, about 143,000 households with children will get the extra money through a boost to the working families tax credit.
—Charlene Gubash, NBC news, 24 Mar. 2026
Taxpayers should be aware that the child tax credit isn’t new, but increased to $2,200 per child from $2,000 per child.
—Michael Butler, Miami Herald, 23 Mar. 2026
Give a tax credit of 15% of pay to all ranks that will produce a refund check even if no tax is owed.
—Edward Lotterman, Twin Cities, 22 Mar. 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 30 Mar. 2026.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
