Definitions
There is 1 meaning of the phrase
Tax Credit.
Tax Credit - as a noun
A direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
Example Sentences
"He received a tax credit for installing solar panels on his house."
"The government offers a tax credit for purchasing a hybrid car."
"Businesses can claim a tax credit for certain research and development expenses."
"Low-income families may qualify for a tax credit to help cover childcare costs."
"Investing in renewable energy projects can earn you a tax credit."
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