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tax credit Syllabification: tax cred·it

Definition of tax credit in English:


An amount of money 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.
Definition of tax credit in:
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