Definition of tax credit in English:

tax credit

Syllabification: tax cred·it


An amount of money 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.

Definition of tax credit in: