tax credit

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

Example Sentences

On Wednesday they announced their own spending demands, including restoring tax credits for the Affordable Care Act, which are scheduled to expire at the end of the year, and reversing drastic cuts to Medicaid.

From Salon

Individuals on universal credit, child tax credit are among those who qualify.

From BBC

The program ends at the same time that a $7,500 federal tax credit for new electric vehicles expires.

From Los Angeles Times

Jeff’s not going to be living in whatever place that gives you the tax credit.

From Los Angeles Times

Rivian is among the many car companies bracing for the changes in federal tax credits.

From Los Angeles Times