Definition of tax credit noun from the Oxford Advanced Learner's Dictionary

tax credit

noun

/ˈtæks kredɪt/

money that is taken off your total tax bill

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money provided by the government to people who need financial help, especially if they have children or are on a low income

See tax credit in the Oxford Advanced American DictionarySee tax credit in the Oxford Learner's Dictionary of Academic English

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noun

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