Definitions for tax credit

This page provides all 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)

Freebase

  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.

Translation

Find a translation for the tax credit definition in other languages:

Select another language:

Discuss these tax credit definitions with the community:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"tax credit." Definitions.net. STANDS4 LLC, 2014. Web. 23 Sep. 2014. <http://www.definitions.net/definition/tax credit>.

Are we missing a good definition for tax credit?


The Web's Largest Resource for

Definitions & Translations


A Member Of The STANDS4 Network


Nearby & related entries:

Alternative searches for tax credit: