tax credit

(redirected from Credits Against Tax)
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noun

Words related to tax credit

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

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References in periodicals archive ?

J's total credits against tax are $1,850 ($850 (nonrefundable) + $1,000 EIC).

The disappearing supplemental child credit

Since 1988, credits against taxes payable have been used.

Credit where credit is due

The Tax Expenditure Report also lists 123 property tax expenditures and 38 in other categories (credits against taxes on fuel, tobacco products, beer and wine, etc.), but I'm focusing on the income tax variety.

The tax-break trap

Subsidies can take many forms, such as direct cash payments, credits against taxes, and loans at terms that do not reflect market considerations.

Countervailing duties applied to illegally subsidized Chinese paper imports

Subsidies can take many forms, such as direct case payments, credits against taxes, and loans at terms that do not reflect market conditions.

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