tax credit
148
3.2
- noun
- /tæks ˈkrɛdɪt/
- Specialized
:
crédito fiscal
- We have tax credits for buying a house, of course.
- income tax credit
- Earned Income tax credit
- refundable tax credit
That's how the tax credit would work, Simply put.
- That's how the tax credit would work, Simply put.
- We have tax credits for buying a house, of course.
- You need to receive the earned income tax credit.
- So then if you are going to apply for the tax credit, who do you contact within that state?
- So you shoot you shoot your film where there's a good tax credit.
- And then we can buy this land and we get a huge tax credit for doing so because it's for conservation.
- There's tax credits for businesses that retain employees they want more and an expansion of tax credits for these businesses.
- We sold our federal tax credits to Chevron, the oil company, and then we sold our state tax credit in Oklahoma.
- They fight charter schools, vouchers, school tax credits, education savings accounts.
Examples
-
The federal government's recent budget recognized the R&D tax credits as an important instrument for encouraging R&D.
Academic text (1999) -
And the earned income tax credit, child tax credit, all these support parents trying to raise their children no right from wrong and out of poverty.
-
Wind energy cannot exist without the federal production tax credit or something similar.
-
And then we can buy this land and we get a huge tax credit for doing so because it's for conservation.
-
We had the child tax credit that reduced child poverty.
-
What we're talking about are tax credits for people in work.
-
And also, one might give tax credits for sales, for example, of vaccines.
-
And then in the stimulus package, there was a small change and they made the tax credit a cash grant.
-
Thus, employers are entitled to the tax credit for such compensation paid during the last half of 1992.
Academic text (1993) -
You can save money on your taxes if you claim the new electric vehicle tax credit this year.
Synonyms
98
3.0
A smaller tax people or companies must pay to encourage certain activities
How Beneficial
599
3.2
- Specialized
148
3.2
- Specialized
98
3.0
- Specialized
22
3.4
- Formal
27
5.1
- Specialized
- Specialized
20
3.3
Surface Forms
Morphology
The noun compound combines 'tax' (a government charge) with 'credit' (a financial amount or balance applied to an account), so a learner who knows both words can infer it is a financial credit related to taxes that reduces what is owed. This composition pattern is common and has direct equivalents in many languages (e.g., Spanish 'crédito fiscal', French 'crédit d'impôt'), supporting immediate comprehension at B1.
Etymology
Tax credit is like a coupon: a credit given against your tax bill that lowers what you must pay. So tax credit means 'to reduce the tax you owe' by taking a set amount off the total.