An amount of money that can be offset against a tax liability.
- With our household income reducing following tax code changes, the tax credit is vital.
- The child tax credit is subject to strict income limitations on both the upside and downside.
- I put in for the tax credit last October, received one small payment and then had them suspended.
Definition of tax credit in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.