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tax credit

NOUN
  1. a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)

How To Use tax credit In A Sentence

  • When the tax credit was in place, a person could buy a house for $8,000 down (the bluebook value of a 2005 Dodge Caravan). Tom Silva: Why Should We Care About Housing?
  • It will also make changes to the research and development tax credits schemes by redefining them to make them easier to claim.
  • Tax credits will still only be used for formal care such as a nursery or childminder. Times, Sunday Times
  • At present the tax credit is available only for children who are cared for at a nursery or by a registered childminder.
  • In summary, if you receive a demand for the return of overpaid tax credits, don't feel obliged to pay it all in one go.
  • Manhattan's condominium sales cooled over the summer, backtracking in July from a June surge that was boosted by a tax credit for home buyers. Manhattan Condo Sales Slowed in July
  • She said: 'I get the full allocation of housing credits and the full allowance of tax credits. The Sun
  • Extend tax credit for electricity produced from wind and closed - loop biomass; provide credits for open-loop biomass facilities and coal-biomass cofiring; and provide credits for methane from certain landfills -91 -976 Fact Sheet On The Climate Change Technology Initiative
  • It wants to consolidate the existing 30 or more work-related benefits - such as jobseeker's allowance, housing benefit, child tax credit, working tax credit, income support and employment support allowance - into a single universal payment. BBC News - Home
  • Dole, with farmers and agribusiness at the core of his Kansas constituency, has strongly supported tax credits for ethanol.
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