What is the meaning of tax credit?

noun

  • A direct reduction in tax liability (not dependent on the taxpayer's tax bracket. ).
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). tax credit. Retrieved September 22, 2026, from http://smartdefine.org/tax_credit/definitions/1243016
ChicagoWordNet. 2010. "tax credit" http://smartdefine.org/tax_credit/definitions/1243016 (accessed September 22, 2026).
HarvardWordNet 2010, tax credit, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/tax_credit/definitions/1243016>.
MLAWordNet. "tax credit" 23 October 2010. Web. 22 September 2026. <http://smartdefine.org/tax_credit/definitions/1243016>
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