tax credit

(redirected from Working Families Tax Credits)
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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 ?
And Labour shadow work and pensions secretary Liam Byrne said: "If the Government are slashing working families tax credits to pay for this, it beggars belief."
Labour is proud to have introduced working families tax credits because they've helped parents back into work.
Mother-of-two Joanna, 32, of Bedwas, said both she and her husband gave full details of their jobs and their earnings when they applied for child tax credits and working families tax credits.

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