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
Additionally, the more conventional Polestar 3 will be the first of the company’s cars built in America, which may help with tax credit availability.
—
Alex Kwanten, Forbes, 28 Mar. 2024
Industry experts say California’s tax credit program, which awards about $330 million annually to companies, is helpful but not enough to fully prevent the exodus.
—Ryan Faughnder, Los Angeles Times, 26 Mar. 2024
The transfer cap offered a roundabout means of limiting the tax credit.
—Gene Maddaus, Variety, 21 Mar. 2024
If this agreement goes through, around 16 million children in low-income families would benefit from this child tax credit expansion, according to the Center on Budget and Policy Priorities.
—Adriana Morga, Quartz, 8 Mar. 2024
To help offset the cost of buying a home, Biden is proposing the following tax credits:
A first-time homebuyer tax credit of $10,000
A one-year tax credit of up to $10,000 to current homeowners who sell their starter homes
Who would qualify for the tax credits?
—Aimee Picchi, CBS News, 8 Mar. 2024
After the $7,500 tax credit, the price would be $42,695.
—Jamie L. Lareau, Detroit Free Press, 8 Mar. 2024
The federal government already does this in the form of the child tax credit.
—Cory Turner, NPR, 6 Mar. 2024
In addition to that federal benefit, at least 15 states offer their own state-level child tax credit, according to the National Conference of State Legislatures.
—Cory Turner, NPR, 6 Mar. 2024
Alex Kwanten, Forbes, 28 Mar. 2024
Industry experts say California’s tax credit program, which awards about $330 million annually to companies, is helpful but not enough to fully prevent the exodus.
—Ryan Faughnder, Los Angeles Times, 26 Mar. 2024
The transfer cap offered a roundabout means of limiting the tax credit.
—Gene Maddaus, Variety, 21 Mar. 2024
If this agreement goes through, around 16 million children in low-income families would benefit from this child tax credit expansion, according to the Center on Budget and Policy Priorities.
—Adriana Morga, Quartz, 8 Mar. 2024
To help offset the cost of buying a home, Biden is proposing the following tax credits:
A first-time homebuyer tax credit of $10,000
A one-year tax credit of up to $10,000 to current homeowners who sell their starter homes
Who would qualify for the tax credits?
—Aimee Picchi, CBS News, 8 Mar. 2024
After the $7,500 tax credit, the price would be $42,695.
—Jamie L. Lareau, Detroit Free Press, 8 Mar. 2024
The federal government already does this in the form of the child tax credit.
—Cory Turner, NPR, 6 Mar. 2024
In addition to that federal benefit, at least 15 states offer their own state-level child tax credit, according to the National Conference of State Legislatures.
—Cory Turner, NPR, 6 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near tax credit
Cite this Entry
“Tax credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20credit. Accessed 18 Apr. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share