Definition of tax credit in English:

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tax credit

noun

A sum that can be offset against a tax liability.
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.

For editors and proofreaders

Line breaks: tax credit

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