TAX CREDIT

Pronunciation (US):

(GB):

IPA (US):

 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 

• TAX CREDIT (noun)

Sense 1

Meaning:

A direct reduction in tax liability (not dependent on the taxpayer's tax bracket)

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("tax credit" is a kind of...):

decrease; diminution; reduction; step-down (the act of decreasing or reducing something)