What does tax credit mean?

Definitions for tax credit

Here are all the possible meanings and translations of the word tax credit.

Princeton's WordNet

  1. tax credit(noun)

    a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)


  1. Tax credit

    A tax credit is a sum deducted from the total amount a taxpayer owes to the state. A tax credit may be granted for various types of taxes, such as an income tax, property tax, or VAT. It may be granted in recognition of taxes already paid, as a subsidy, or to encourage investment or other behaviors. In some systems tax credits are 'refundable' to the extent they exceed the relevant tax. Tax systems may grant tax credits to businesses or individuals, and such grants vary by type of credit.


  1. Chaldean Numerology

    The numerical value of tax credit in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of tax credit in Pythagorean Numerology is: 5

Images & Illustrations of tax credit

  1. tax credittax credittax credit

Translations for tax credit

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"tax credit." Definitions.net. STANDS4 LLC, 2017. Web. 23 Nov. 2017. <http://www.definitions.net/definition/tax credit>.

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