tax credit Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax credit” in the English Dictionary

"tax credit" in Business English

See all translations

tax creditnoun [C]

uk   us   TAX
an ​amount of ​moneycalculated according to someone's ​personalsituation that ​reduces the ​amount of ​tax they must ​pay: The ​taxcredit will ​costtaxpayers $6.4 ​billion a ​year by the ​time all the nation's ethanol ​plants under ​construction are completed.a tax credit for sth The ​billproposes a 65% ​taxcredit for ​donations to ​private scholarship ​funds.get/receive/take a tax credit The Work Opportunity Tax Credits ​allowscompanies to take ​taxcredits between $1,500 and $2,400 for each new ​employeehired among the ​eligiblegroups. a production/​investment/​energytaxcreditchild/dividend/working tax credits Working ​taxcredits are intended to ​fundchildcare when ​parentsreturn to ​work.
(Definition of tax credit from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “tax credit”
in Chinese (Simplified) 税额减免,抵减税额…
in Chinese (Traditional) 稅額減免,抵減稅額…
What is the pronunciation of tax credit?
Add Cambridge dictionaries to your browser to your website

More meanings of “tax credit”

Word of the Day

drum

a musical instrument, especially one made from a skin stretched over the end of a hollow tube or bowl, played by hitting with the hand or a stick

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More