TAX CREDIT

Pronunciation (US):

(GB):

 I. (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)

Credits