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In providing this $5,000 tax credit for those purchasing rural homes, we're offering an important incentive to encourage people to live in smaller communities - and perhaps even stay in a community they might be considering leaving.
John M. McHugh

Meaning of "tax credit" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF TAX CREDIT

tax credit play
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GRAMMATICAL CATEGORY OF TAX CREDIT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Tax credit is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES TAX CREDIT MEAN IN ENGLISH?

Tax credit

A tax credit is a sum deducted from the total amount a taxpayer owes to the state. A tax credit may be granted for various types of taxes, such as an income tax, property tax, or VAT. It may be granted in recognition of taxes already paid, as a subsidy, or to encourage investment or other behaviors. In some systems tax credits are 'refundable' to the extent they exceed the relevant tax. Tax systems may grant tax credits to businesses or individuals, and such grants vary by type of credit.

Definition of tax credit in the English dictionary

The definition of tax credit in the dictionary is a social security benefit paid in the form of an additional income tax allowance.

WORDS THAT BEGIN LIKE TAX CREDIT

tax bill
tax bite
tax bracket
tax break
tax burden
tax code
tax coding
tax collector
tax concession
tax consultant
tax cut
tax demand
tax disc
tax dodge
tax evader
tax evasion
tax exemption
tax exile
tax form
tax haven

WORDS THAT END LIKE TAX CREDIT

accredit
Bank Giro Credit
carbon credit
confirmed credit
confirmed letter of credit
consumer credit
credit
discredit
documentary letter of credit
edit
eurocredit
export credit
family credit
letter of credit
line of credit
micro-credit
noncredit
on credit
overedit
revolving credit
Social Credit

Synonyms and antonyms of tax credit in the English dictionary of synonyms

SYNONYMS

Translation of «tax credit» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF TAX CREDIT

Find out the translation of tax credit to 25 languages with our English multilingual translator.
The translations of tax credit from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «tax credit» in English.

Translator English - Chinese

免税额度
1,325 millions of speakers

Translator English - Spanish

crédito fiscal
570 millions of speakers

English

tax credit
510 millions of speakers

Translator English - Hindi

टैक्स क्रेडिट
380 millions of speakers
ar

Translator English - Arabic

الائتمان الضريبي
280 millions of speakers

Translator English - Russian

налоговый кредит
278 millions of speakers

Translator English - Portuguese

renda não tributável
270 millions of speakers

Translator English - Bengali

কর সম্মানী
260 millions of speakers

Translator English - French

crédit
220 millions of speakers

Translator English - Malay

cukai kredit
190 millions of speakers

Translator English - German

Steuergutschrift
180 millions of speakers

Translator English - Japanese

税額控除
130 millions of speakers

Translator English - Korean

세액 공제
85 millions of speakers

Translator English - Javanese

Kredit pajak
85 millions of speakers
vi

Translator English - Vietnamese

tín dụng thuế
80 millions of speakers

Translator English - Tamil

வரிக் கடன்
75 millions of speakers

Translator English - Marathi

कर जमा
75 millions of speakers

Translator English - Turkish

Vergi kredisi
70 millions of speakers

Translator English - Italian

detrazione fiscale
65 millions of speakers

Translator English - Polish

ulga podatkowa
50 millions of speakers

Translator English - Ukrainian

податковий кредит
40 millions of speakers

Translator English - Romanian

credit fiscal
30 millions of speakers
el

Translator English - Greek

έκπτωση φόρου
15 millions of speakers
af

Translator English - Afrikaans

belasting krediet
14 millions of speakers
sv

Translator English - Swedish

skattelättnad
10 millions of speakers
no

Translator English - Norwegian

skattefradrag
5 millions of speakers

Trends of use of tax credit

TRENDS

TENDENCIES OF USE OF THE TERM «TAX CREDIT»

The term «tax credit» is quite widely used and occupies the 30.711 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
86
/100
The map shown above gives the frequency of use of the term «tax credit» in the different countries.
Principal search tendencies and common uses of tax credit
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «tax credit».

FREQUENCY OF USE OF THE TERM «TAX CREDIT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «tax credit» during the past 500 years. Its implementation is based on analysing how often the term «tax credit» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about tax credit

EXAMPLES

5 QUOTES WITH «TAX CREDIT»

Famous quotes and sentences with the word tax credit.
1
Noel Clarke
Generally, an indie film in the U.K. is put together much like in the states. We got a tax credit. You sell the domestic rights, which can be quite low, but it's enough to push you over the line. And you get a tax credit on top of that, and then you cobble it together with private equity or gap financing and things like that.
2
Scott Howell
I strongly support extending current student loan interest rates and increasing the college tuition tax credit for students and their families.
3
John M. McHugh
In providing this $5,000 tax credit for those purchasing rural homes, we're offering an important incentive to encourage people to live in smaller communities - and perhaps even stay in a community they might be considering leaving.
4
Tim Murphy
More than 1.1 million taxpayers in Pennsylvania will enjoy a lower tax rate, more than 1.4 million married couples will benefit from the reduction in the marriage penalty, and more than 1.1 million parents will have the advantage of an increased child tax credit.
5
Roger Wicker
Legislation to create a new 10 percent tax bracket, reduce the marriage penalty, cut the tax rate on dividends and capital gains, and increase the child tax credit have been essential elements in this economic expansion.

10 ENGLISH BOOKS RELATING TO «TAX CREDIT»

Discover the use of tax credit in the following bibliographical selection. Books relating to tax credit and brief extracts from same to provide context of its use in English literature.
1
New Markets Tax Credit Handbook, 2011 Edition
The 2011 edition of the New Markets Tax Credit Handbook updates all of the major changes to the NMTC program since August 2008, including new information on targeted populations, reasonable working capital, mixed-use projects and active ...
Michael J. Novogradac, Thomas G. Tracy, 2011
2
Puerto Rico And The Section 936 Tax Credit: U.s. Operations ...
Under this section, income earned by U.S. firms from operations in U.S. possessions is effectively exempt from federal corporate income taxes. This comprehensive report reviews all aspects of Section 936. 30 charts and tables.
‎1993
3
Tax Policy: Pharmaceutical Industry's Use Of The Research ...
Determines the research tax credits claimed by the pharmaceutical industry from 1981-1990 & the characteristics of the companies claiming them.
DIANE Publishing Company, 2004
4
The Encyclopedia of Taxation & Tax Policy
The U.S. foreign tax credit is simple in concept. The United States employs a global tax system and. under the residence principle, taxes the income its residents earn abroad. This foreign source income generally is also subject to tax in the ...
Joseph J. Cordes, Robert D. Ebel, Jane Gravelle, 2005
5
New Markets Tax Credit: The Credit Helps Fund a Variety of ...
a CDE, the tax credit investor would be able to claim about $3.9 million in tax credits over 7 years.22 If the tax credit investor invests $2.8 million in the limited liability entity, in effect, it pays 72 cents to the CDE for each dollar of tax credits that it ...
Michael Brostek, 2010
6
J.K. Lasser's Your Income Tax 2012: For Preparing Your 2011 ...
The child tax credit is $1,000 for each qualifying dependent child under age 17. To claim the credit, you must follow the steps on the “Child Tax Credit Worksheet. ” There is a phaseout of the credit (25.3). If the credit exceeds your tax liability, ...
J. K. Lasser, 2011
7
Kingdom of the Netherlands - Netherlands: Selected ...
THE LABOR INCOME TAX CREDIT IN AN INTERNATIONAL PERSPECTIVE 1. The 2001 income tax reform introduced a labor income tax credit (LTC), which provides tax relief to earners of labor income to improve incentives for employment.
International Monetary Fund, 2001
8
U.S. Master Tax Guide
Taxpayers are permitted a tax credit against their regular income tax liability for some or all of alternative minimum tax (AMT) paid in previous years. The credit is allowed for the amount of "adjusted net minimum tax" for all tax years reduced by  ...
CCH Incorporated, 2007
9
J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 ...
25.1 • Law Alert Child Tax Credit After 2012 Without new legislation, the child tax credit would drop to $500 per qualifying child in 2013. The refundable part of the credit would also be restricted. Congress is expected to extend the more ...
J.K. Lasser Institute, 2012
10
Introduction to United States International Taxation
structural mechanism for dealing with the problem of multiple jurisdictions taxing the same income.4 6.4 THE DIRECT FOREIGN TAX CREDIT 6.4.1 Eligibility for tax credit 6.4.1.1 Persons eligible Section 901(b) describes the categories of ...
Paul R. McDaniel, Hugh J. Ault, James R. Repetti, 2005

10 NEWS ITEMS WHICH INCLUDE THE TERM «TAX CREDIT»

Find out what the national and international press are talking about and how the term tax credit is used in the context of the following news items.
1
How will the Budget affect my tax credits? Everything you need to …
They're the words on everyone's lips - tax credits. George Osborne is slashing the maze of payments for Britain's poorest families to cut £12bn from the welfare ... «Mirror.co.uk, Jul 15»
2
Gov. Jerry Brown wants tax credit for poor in California's budget
Gov. Jerry Brown, who has faced criticism for not doing more to combat persistent poverty in California, will include a new tax credit for the state's poorest ... «Los Angeles Times, May 15»
3
IRS wasted $5.6B on bogus Obama stimulus tax credits: Audit
The IRS doled out more than $5 billion in potentially bogus college aid payments in 2012 under an Obama stimulus tax credit, according to a report Tuesday ... «Washington Times, May 15»
4
Bobby Jindal inventory tax credit bill is weakened -- won't help as …
Gov. Bobby Jindal's proposal to rollback a refundable state tax credit on inventory was watered down by a legislative committee Monday (May 4.) (Photo by ... «NOLA.com, May 15»
5
Wrong Health Tax Credit Statements Sent to 800000
The statements sent to taxpayers from HealthCare.gov are used to determine whether tax credits were the correct amount. The credits are pegged to the cost of ... «Wall Street Journal, Feb 15»
6
House passes bill to extend charitable-giving tax credits
Congress retroactively renewed more than 50 tax credits that expired in 2013 at the end of last year. But the breaks are no longer in effect for 2015, meaning the ... «The Hill, Feb 15»
7
10 Major Tax Hikes Part of Obama's $4 Trillion Budget
The "Buffett" tax: a reference to billionaire investor Warren Buffett's complaint ... in middle- and low-income family tax credits: the child tax credit and the earned ... «Newsmax.com, Feb 15»
8
Obama's Higher Education Tax Credit Reform Misses the Point
Part of President Barack Obama's tax reform unveiled ahead of Tuesday's State of the Union address would make changes to a higher education tax credit to ... «U.S. News & World Report, Jan 15»
9
Senate Moves Forward To Extend Tax Breaks For 2014
If you're still smarting from writing out that check to pay your 2013 tax bill, some relief ... Zone tax incentives and the renewing the Work Opportunity Tax Credit. «Forbes, May 14»
10
Breaking: Obama to propose expanding EITC and child tax credit in …
President Obama's budget to be released on Tuesday will propose expanding the earned-income-tax-credit and the child-tax-credit, a pair of tax policies ... «Washington Post, Mar 14»

REFERENCE
« EDUCALINGO. Tax credit [online]. Available <https://educalingo.com/en/dic-en/tax-credit>. May 2024 ».
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