tax credit

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Related to Tax credits: Child Tax Credits

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 ?
42) The Missouri Department of Economic Development (DED) administers the program and issues all tax credits after final certification of the rehabilitation project by the Missouri Department of Natural Resources, State Historic Preservation office.
64) Not-for-profit entities may not be involved in the sale of state historic preservation tax credits.
According to managing director William Hoffman, "Prior to establishing our Fund, the hardest telephone calls to answer were from developers, or their representatives, who had exceptional projects but just didn't have enough tax credits to attract mainstream institutional investors.
McPeak said the state will continue to work with East Valley community leaders to determine whether there are other ways that they can continue to receive tax credits.
Child tax credits are paid to parents directly, while working tax credits are paid to people with low incomes through their wage packets.
In its sixth survey of owners of properties financed with federal low-income housing tax credits from the Low-Income Housing Tax Credit (LIHTC), CohnReznick found that housing tax credit properties are operating better than any period in the program's history, an encouraging sign as the study also details the rising number of low-income renters who need affordable housing.
This Note looks at the role tax credits play in incentivizing
Related on ThinkAdvisor: Trump backs health tax credits that have split Republicans )
Apparel and United Apparel tax credits when none should have been given, the conspirators unjustifiably reduced the government coffer.
Income eligibility for the premium tax credits will be based on the previous year's income tax returns.
For further advice on |claiming tax credits, contact your local CAB.
Two of the most widely known incentives are the film production tax credit and the oil and gas production tax credits.