a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
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.
The numerical value of tax credit in Chaldean Numerology is: 2
The numerical value of tax credit in Pythagorean Numerology is: 5
Sample Sentences & Example Usage
Surveys GAO identified estimated that the uninsured rate declined significantly among households with incomes eligible for the APTC (Advanced Premium Tax Credit).
From a conservative's perspective, there are a number of things that need further refinement, this notion of a refundable tax credit is a big deal, Medicaid expansion is a big deal, the Cadillac tax is a big deal.
We saw a period of time when California was not in this competition for film and television, where these other states (Georgia and Louisiana) really got into taking the business away from California, however, especially this year with the new tax credit program, we have seen and expect to see a further increase of production coming back to L.A.
I think this argument between him and the Wall Street Journal over what is essentially two percent of the rate, I think it's slightly overexaggerated. It's not going to make any difference in the real world if there's a one or two percent lower rate, and I think what's he's doing is trying to win votes with the sweetener of the child tax credit, there's nothing wrong with that. And it's true that a pudding has to have a theme, but a tax plan doesn't have to have a theme. The theme here is that you're lowering the rate, particularly on the corporate side. You're lowering the tax on investment and return, capital gains, which is what everybody on the right has always said is the engine to drive growth. So, you've got very serious pro-growth elements in here, and you've got a sweetener for the child tax credit, that that's a rejection of Reaganism I find slightly over the top.
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Translations for tax credit
From our Multilingual Translation Dictionary
- crédito fiscalSpanish
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