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
We do support the child tax credit, we also think it’s more important to make businesses more competitive.
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.
Senator Rubio has consistently communicated to the Senate tax negotiators that Senator Rubio vote on final passage would depend on whether the refundability of the child tax credit was increased in a meaningful way.
Look, we are really proud of the work that we have done already up until this point with Senator Senator Rubio, already doubling the child tax credit, taking it to $ 2,000 per child, we are going to continue working with a senator.
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Translations for tax credit
From our Multilingual Translation Dictionary
- crédito fiscalSpanish
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