Definition of tax credit in English:

tax credit

Line breaks: tax credit

noun

  • A sum that can be offset against a tax liability.
    More example sentences
    • 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.

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