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


    tax credit

    BrE BrE//ˈtæks kredɪt//
    ; NAmE NAmE//ˈtæks kredɪt//
    jump to other results
  1. 1money that is taken off your total tax bill
  2. 2money provided by the government to people who need financial help, especially if they have children or are on a low income
See the Oxford Advanced American Dictionary entry: tax credit