tax credit (Meaning)
Wordnet
tax credit (n)
a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
Synonyms & Antonyms of tax credit
No Synonyms and anytonyms found
tax credit Sentence Examples
- The government implemented a tax credit to encourage renewable energy investments.
- Individuals with low incomes may qualify for the earned income tax credit.
- Homeowners can claim a tax credit for mortgage interest paid.
- Research and development expenses can be eligible for a tax credit.
- Tax credits are often used as incentives to promote specific economic activities.
- The adoption tax credit provides financial assistance to families adopting children.
- Child tax credits aim to reduce poverty and support families with children.
- The research and development tax credit encourages businesses to innovate and invest in new technologies.
- The solar investment tax credit reduces the cost of installing solar panels.
- The affordable housing tax credit helps developers build affordable housing for low-income families.
FAQs About the word tax credit
a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
No synonyms found.
No antonyms found.
The government implemented a tax credit to encourage renewable energy investments.
Individuals with low incomes may qualify for the earned income tax credit.
Homeowners can claim a tax credit for mortgage interest paid.
Research and development expenses can be eligible for a tax credit.
