Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “tax credit”

See all translations

tax credit

noun [C]
 
 
TAX
an amount of money calculated according to someone's personal situation that reduces the amount of tax they must pay: The tax credit will cost taxpayers $6.4 billion a year by the time all the nation's ethanol plants under construction are completed.a tax credit for sth The bill proposes a 65% tax credit for donations to private scholarship funds.get/receive/take a tax credit The Work Opportunity Tax Credits allows companies to take tax credits between $1,500 and $2,400 for each new employee hired among the eligible groups. a production/investment/energy tax creditchild/dividend/working tax credits Working tax credits are intended to fund childcare when parents return to work. →  Compare tax deduction
Translations of “tax credit”
in Chinese (Traditional) 稅額減免,抵減稅額…
in Chinese (Simplified) 税额减免,抵减税额…
(Definition of tax credit from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of tax credit?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “tax credit”

Definitions of “tax credit” in other dictionaries

Word of the Day

cold snap

a short period of cold weather

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More