How to Use tax credit in a Sentence

tax credit

noun
Definition of tax creditnext
  • The law provides a tax credit for up to $300 for the buyer.
    — Michael Brice-Saddler, Washington Post, 30 June 2023
  • The expansion of the child tax credit lasted until the end of 2021.
    — John Cassidy, The New Yorker, 15 Sep. 2023
  • This year, non-dairy farms will receive 60% to 90% back on overtime pay through the tax credit.
    — Alex Baumhardt, oregonlive, 2 Aug. 2023
  • The government is going to make some tweaks to Italy’s tax credit.
    — Nick Vivarelli, Variety, 3 Aug. 2023
  • The federal government already does this in the form of the child tax credit.
    — Cory Turner, NPR, 6 Mar. 2024
  • For children, the major thing that expired was the 2021 expansion to the child tax credit.
    — Isaac Chotiner, The New Yorker, 20 Sep. 2023
  • To find out the fate of legislation that passed the U.S. House, and would expand the child tax credit retroactively to the 2023 tax year.
    — Forbes Daily, Forbes, 22 Feb. 2024
  • Blumenauer is proposing a 20 percent tax credit based on the sales price of a bike produced in the US.
    — Andrew J. Hawkins, The Verge, 6 June 2024
  • For instance, there were higher payments for the child tax credit.
    — Jacob Bogage, Washington Post, 7 Mar. 2023
  • Child tax credit to the rescue:Moms and babies were struggling in Flint, Michigan.
    — Medora Lee, USA TODAY, 26 Feb. 2024
  • The biggest item is a new child and family tax credit that Healey pitched last year as a candidate.
    — Samantha J. Gross, BostonGlobe.com, 27 Feb. 2023
  • The transfer cap offered a roundabout means of limiting the tax credit.
    — Gene Maddaus, Variety, 21 Mar. 2024
  • The authors of the agreement attempt to do that by speeding up the demise of the employee retention tax credit.
    — Kevin Freking, Fortune, 17 Jan. 2024
  • Moore did not commit to supporting further changes to either tax credit when asked by The Sun last week.
    — Hannah Gaskill, Baltimore Sun, 14 Jan. 2024
  • The new list means vehicles from Hyundai and Nissan — all of which make EVs — are no longer eligible for the tax credit.
    — Khristopher J. Brooks, CBS News, 17 Apr. 2023
  • Getting the full $7,500 tax credit on a new electric vehicle is about to become tougher.
    — Stephen Wilmot, WSJ, 31 Mar. 2023
  • And one of the first bills we got passed was the Family Prosperity Act, which made permanent the child tax credit in the state of Maryland.
    — Evan Osnos, The New Yorker, 9 July 2023
  • But in this case, the employee retention tax credit appears to have few friends left on Capitol Hill.
    — Kevin Freking and Fatima Hussein The Associated Press, arkansasonline.com, 28 Jan. 2024
  • Those making more money receive less money through the tax credit.
    — Detroit Free Press, 11 Apr. 2024
  • Good luck, with so few models eligible for a new tax credit.
    — Elvia Limón, Los Angeles Times, 6 Apr. 2023
  • What’s the difference between a tax credit and a deduction?
    — Cortlynn Starkand, Sacramento Bee, 30 Jan. 2024
  • The legislation, which would, among other things, expand the child tax credit retroactively to the 2023 tax year, was announced in mid-January and passed the House at the end of the month.
    — Kelly Phillips Erb, Forbes, 28 Feb. 2024
  • The Treasury Department is working out ways to ease the pain and recently agreed to give EV imports a $7,500 tax credit — but just on leases.
    — Russ Mitchellstaff Writer, Los Angeles Times, 28 Feb. 2023
  • Last month, the state even approved a tax credit for news organizations.
    — Michael Paulson, New York Times, 17 May 2024
  • First, there is the cost of cash flowing the tax credit or rebate and taking care of milestone payments if applicable.
    — Angus Finney, Variety, 30 Oct. 2023
  • Companies would receive a tax credit to help maintain wages.
    — Laura Baisas, Popular Science, 21 Feb. 2023
  • The fact that the Bolt is eligible for the full $7,500 tax credit under the Inflation Reduction Act will doubtless help its sales.
    — Peter Valdes-Dapena, CNN, 25 Apr. 2023
  • Some EVs, and some EV buyers, are not eligible for the $7,500 federal tax credit.
    — Robert Ferris, CNBC, 17 July 2024
  • Indeed, the idea of a child tax credit has long been salient for Republicans as a pro-family policy.
    — Grace Segers, The New Republic, 13 July 2023
  • That includes sourcing requirements for the 30D clean vehicle tax credit, which has been the subject of considerable debate (even Joe Manchin at one point threatened to sue).
    — Nick Sobczyk, Axios, 9 July 2024

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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