tax credit Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “tax credit” - English Dictionary

"tax credit" in Business English

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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…
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