tax credit Synonyms

No Synonyms and anytonyms found

tax credit Meaning

Wordnet

tax credit (n)

a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)

tax credit Sentence Examples

  1. The government implemented a tax credit to encourage renewable energy investments.
  2. Individuals with low incomes may qualify for the earned income tax credit.
  3. Homeowners can claim a tax credit for mortgage interest paid.
  4. Research and development expenses can be eligible for a tax credit.
  5. Tax credits are often used as incentives to promote specific economic activities.
  6. The adoption tax credit provides financial assistance to families adopting children.
  7. Child tax credits aim to reduce poverty and support families with children.
  8. The research and development tax credit encourages businesses to innovate and invest in new technologies.
  9. The solar investment tax credit reduces the cost of installing solar panels.
  10. 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.