0 an amount of money that is taken off the amount of tax you must pay --
1 an amount of money calculated according to someone's personal situation that reduces the amount of tax they must pay: --
child/dividend/working tax credits Working tax credits are intended to fund childcare when parents return to work.
get/receive/take a tax credit The Work Opportunity Tax Credits allows companies to take tax credits between $1,500 and $2,400 for each new employee hired among the eligible groups.
a tax credit for sth The bill proposes a 65% tax credit for donations to private scholarship funds.
The tax credit will cost taxpayers $6.4 billion a year by the time all the nation's ethanol plants under construction are completed.
Economic experts know that many current ideas and policies-from monetary policy rules to the earned-income tax credit-can be traced to his original proposals.
In 1998, the maximum tax credit for a family with two or more children reached $3,756 and the phase out was over $30,000.
The implementation strategy through budget accords and the tax credit funding structure continued to work in the program's favour.
Expansion was also demand led, with subsidies provided for low-income families through childcare tax credit to purchase market-based registered services.
He would provide $7,500 and $15,000 (for families) tax credit to purchase health insurance.
The higher tax combined with a tax credit changes the incentives without necessarily changing the amount of money paid by the firm.
However, even accepting the theoretical possibility of inefficient exit with some kinds of tax credit programs, a second question is its relevance to policy.
The tax credit, he argued, should be aimed at the current or potential welfare population, not poor workers as a whole.
