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
Congress could pass the bipartisan Credit for Caring Act, a refundable tax credit up to $5,000 for caregiving expenses.
—
Margaret Norris, Boston Herald, 31 July 2025
Two tax credits aimed at lower-income families — a higher state match of the Earned Income Tax Credit and the family affordability tax credit — won’t be available in the 2026 and 2027 tax years, Ferrandino said.
—Seth Klamann, Denver Post, 30 July 2025
Key Facts Hawley’s bill proposes establishing a refundable tax credit for Americans using tariff revenue, which would send at least $600 to each eligible adult and dependent child this year, pending approval from Congress and Trump.
—Ty Roush, Forbes.com, 28 July 2025
President Donald Trump’s signature tax plan ends the $7,500 tax credit for EV buyers that have helped support the market for years.
—Dana Hull, Fortune, 27 July 2025
See All Example Sentences for tax credit
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Margaret Norris, Boston Herald, 31 July 2025
Two tax credits aimed at lower-income families — a higher state match of the Earned Income Tax Credit and the family affordability tax credit — won’t be available in the 2026 and 2027 tax years, Ferrandino said.
—Seth Klamann, Denver Post, 30 July 2025
Key Facts Hawley’s bill proposes establishing a refundable tax credit for Americans using tariff revenue, which would send at least $600 to each eligible adult and dependent child this year, pending approval from Congress and Trump.
—Ty Roush, Forbes.com, 28 July 2025
President Donald Trump’s signature tax plan ends the $7,500 tax credit for EV buyers that have helped support the market for years.
—Dana Hull, Fortune, 27 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 7 Aug. 2025.
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