tax credit

noun

1. (in Britain) a social security benefit paid in the form of an additional income tax allowance

Example Sentences

For example, Trump, who tempered criticism of electric vehicles after Musk backed him, might end a $7,500 tax credit for electric vehicles.

From Los Angeles Times

Some of these choice programs rely at least in part for funding on donations offset by tax credits or philanthropy rather than a direct state subsidy.

From Los Angeles Times

Trump, while he has softened his criticism of electric vehicles after Tesla Chief Executive Elon Musk backed him, has considered ending a $7,500 federal tax credit for new electric vehicle purchases.

From Los Angeles Times

Money policies are a key part of campaign platforms, starting with taxes, and Harris and Trump have floated various policies to raise them, lower them and expand tax credits.

From Salon

Harris also supports expanding the federal Low-Income Housing Tax Credit and a new tax credit for rehabilitating or building housing occupied by owners in lower-income neighborhoods.

From Salon