tax credit


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Related to tax credit: Child tax credit, Investment tax credit

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 ?
The tax credit may be paid in advance by the federal government directly to health plans and health insurers on a monthly basis, starting at the point of enrollment.
This platform creates significant value for both taxpayers looking to purchase tax credits and for those companies with tax credits to sell and monetize," says Tempus Managing Director Robert Lay, a seasoned industry veteran who has spent nearly the last decade in the tax credit industry with Stonehenge Capital Company.
If you are getting Child Tax Credit or the childcare element of Working Tax Credit, this is paid to the main carer of your child.
Real estate developers apply for LIHTCs by preparing an application that is responsive to the state's Qualified Allocation Plan (QAP) for the tax credit program.
How is this homebuyer tax credit different from the tax credit that Congress enacted in July 2008?
The partnership will enable developers, property managers, asset managers, and others seeking to earn the premier designation in the Low-Income Housing Tax Credit industry to take the exam through IREM.
Anyone who thinks they may be receiving overpayments of tax credits should call the Tax Credit Helpline on 0845 300 3900.
Indian Employment Tax Credit: Up to $4,000 in tax credits per eligible employee, per year (IRC Sec.
Court of Appeals for the Sixth Circuit striking down Ohio's investment tax credit as discriminatory in violation of the Commerce Clause.
Some northeastern Ontario business leaders feared Ottawa's decision not to renew the tax credit after its Dec.
Currently, 22 states offer tax credits based on machinery and equipment purchases that are similar to Ohio's investment tax credit.
The Committee examined all past reports prepared for various federal departments, task forces and committees on disability issues, particularly, previous work on the disability tax credit.