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 show had been set up at Apple TV since at least last fall and was picked up after securing a California tax credit.
—
Matt Grobar, Deadline, 18 May 2026
Provincial incentives can be stacked with the federal rebate to a bonus tax credit rate of 45 percent — a significant lever in an era when every greenlight is being scrutinized.
—Etan Vlessing, HollywoodReporter, 17 May 2026
Those numbers were bolstered by the state’s film production tax credit, now extended until 2039.
—Kathy A. McDonald, Variety, 15 May 2026
The Illinois Affordable Housing Tax Credit provides a 50% tax credit on donations of cash, land or buildings made to nonprofit housing developers.
—Chicago Tribune, 14 May 2026
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Matt Grobar, Deadline, 18 May 2026
Provincial incentives can be stacked with the federal rebate to a bonus tax credit rate of 45 percent — a significant lever in an era when every greenlight is being scrutinized.
—Etan Vlessing, HollywoodReporter, 17 May 2026
Those numbers were bolstered by the state’s film production tax credit, now extended until 2039.
—Kathy A. McDonald, Variety, 15 May 2026
The Illinois Affordable Housing Tax Credit provides a 50% tax credit on donations of cash, land or buildings made to nonprofit housing developers.
—Chicago Tribune, 14 May 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 20 May. 2026.
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