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:
The tax credit will cost taxpayers $6.4 billion a year by the time all the nation's ethanol plants under construction are completed.
a tax credit for sth The bill proposes a 65% tax credit for donations to private scholarship funds.
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.
child/dividend/working tax credits Working tax credits are intended to fund childcare when parents return to work.
How large is this form of a tax credit in comparison to the fixed, permanent credit described above?
Consider a policy in which an annual fixed tax credit is introduced at the same time that pollution taxes are increased.
Because of design flaws and implementation problems, the scheme was thereafter administered as a refundable tax credit.
Reforming housing benefit for private tenants and tax credit recipients.
After much lobbying, the option to have the tax credit paid directly to a non-earning member of the couple was established.
The concept of a tax credit (as distinct from a social security benefit) by and large had little meaning.
Initially, the tax credit was only available to working families with dependent children.
The tax credit, he argued, should be aimed at the current or potential welfare population, not poor workers as a whole.
