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Dictionary entry overview: What does tax credit mean?
• TAX CREDIT (noun)
The noun TAX CREDIT has 1 sense:
1. a direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
Familiarity information: TAX CREDIT used as a noun is very rare.
Dictionary entry details
|Sense 1||tax credit [BACK TO TOP]|
A direct reduction in tax liability (not dependent on the taxpayer's tax bracket)
Nouns denoting possession and transfer of possession
Hypernyms ("tax credit" is a kind of...):
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