tax credit
noun [ C ]
TAX ukusan 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 credit
child/dividend/working tax credits Working tax credits are intended to fund childcare when parents return to work.
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tax deduction