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
This tax credit - which can go up to $1,600—helps to ease the burden of rising property taxes.
—
Suzanne Blake, MSNBC Newsweek, 30 Mar. 2026
The governor is now calling on the legislature to create a state affordable housing tax credit and a collaboration to cut the red tape involving zoning.
—Alysia Burgio, CBS News, 30 Mar. 2026
For example, if your child turned 17 years old before year end, the credit for your kid may be the smaller $500 maximum dependent credit rather than the child tax credit worth a maximum of $2,000.
—Medora Lee, USA Today, 30 Mar. 2026
The child tax credit and earned income tax credit are the two most popular credits, claimed by about 38 million and 24 million individual tax returns in 2022, respectively, according to IRS data.
—Kate Dore, Cfp®, Ea,lorie Konish,kamaron McNair,greg Iacurci,mike Winters,sarah Agostino, CNBC, 29 Mar. 2026
See All Example Sentences for tax credit
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Suzanne Blake, MSNBC Newsweek, 30 Mar. 2026
The governor is now calling on the legislature to create a state affordable housing tax credit and a collaboration to cut the red tape involving zoning.
—Alysia Burgio, CBS News, 30 Mar. 2026
For example, if your child turned 17 years old before year end, the credit for your kid may be the smaller $500 maximum dependent credit rather than the child tax credit worth a maximum of $2,000.
—Medora Lee, USA Today, 30 Mar. 2026
The child tax credit and earned income tax credit are the two most popular credits, claimed by about 38 million and 24 million individual tax returns in 2022, respectively, according to IRS data.
—Kate Dore, Cfp®, Ea,lorie Konish,kamaron McNair,greg Iacurci,mike Winters,sarah Agostino, CNBC, 29 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 5 Apr. 2026.
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