tax credit

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tax credit

n
(Social Welfare) (in Britain) a social security benefit paid in the form of an additional income tax allowance
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax credit - a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
reduction, step-down, diminution, decrease - the act of decreasing or reducing something
References in periodicals archive ?
Last year, an additional $16 billion to $19 billion was estimated to have been improperly paid to those claiming the Earned Income Tax Credit a refundable tax credit designed to help low- to moderate-income taxpayers.
The financial aid comes in the form of a refundable tax credit called the premium assistance credit.
Many federal and provincial child benefits are part of this refundable tax credit system.
A refundable tax credit is treated as a payment from the taxpayer, such as federal income tax withheld or quarterly estimated taxes paid.
The company was granted a $535,859 Economic Development Tax Increment Finance (EDTIF) post-performance refundable tax credit by the board of directors of the GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT (GOED).
Starting 2014, there is a refundable tax credit (the “premium assistance credit”) for eligible individuals and families who purchase health insurance from an Exchange.
175) convincingly argue that the federal non-refundable tax credit to promote physical activity in children misses the most important target group of low-income families and that it should be replaced by a refundable tax credit.
The next president and Congress should broaden the tax preference for employer-paid premiums into a refundable tax credit available to small business employees and individuals purchasing insurance on their own.
For 2010 and 2011, parents might be able to claim a refundable tax credit for qualified expenses paid to adopt an eligible child.
168(k)(4) to claim a refundable tax credit in lieu of bonus depreciation has been extended again for certain property placed in service during 2011 and 2012 as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, P.
Also last month, the President signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act, which, among other actions, extended the American Opportunity Tax Credit, a partially refundable tax credit that helps more than eight million students and their families afford the cost of college.
Modified refundable tax credit program: After a one-year transition, the current blenders' credit (called the volumetric ethanol excise tax credit or VEETC) would be changed to a producer tax credit going directly to ethanol plants.