Definitions for tax credit
tax cred·it

Princeton's WordNetRate this definition:0.0 / 0 votes

1. tax creditnoun

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

WikidataRate this definition:0.0 / 0 votes

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.

Matched Categories

1. • Reduction

How to pronounce tax credit?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say tax credit in sign language?

Numerology

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

Examples of tax credit in a Sentence

1. Randi Weingarten:

   Theyve given a tax cut to rich people by basically saying that anybody is going to get a tax credit who wants to spendmoney for any kind of private schools but they have defunded and emasculated public education.

2. John Larsen:

   As long as the clean energy tax credit package is in at the scale and ambition people have been talking about for months, you're already going to have increased acceleration of clean energy in America, there are other pieces of the tax credit package that could be amped up to make up for lost ground.

3. Marty Feldstein:

   What's clear is even if the economy doesn't go into a full scale recession it will be a slow year, one that would benefit from a fiscal stimulus like a $ 300( tax credit). If we're going to actually slip into negative GDP, I would want to see more than that.

4. Senator Rubio:

   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.

5. Ritchie Torres:

   The American Families Plan is incomplete without a permanent child tax credit, we are in the midst of an FDR moment, which comes only once a century.If we let our FDR moment pass us by, without making the child tax credit permanent, we will live to regret it.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=tax credit
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=tax credit