Definitions for "tax credit"
The direct dollar-for-dollar reduction of an individuals tax liability; compare...
Although tax is not actually deducted from certain types of income, you may be given a tax credit as if tax had actually been deducted. For example, you are given a lower rate tax credit on dividends you receive. The dividend you receive being treated as the net amount (after deduction of the tax credit).
A dollar-for-dollar reduction in the amount of taxes owed. Under certain conditions tax credits are allowed for low-income people over 65, individuals with disabilities, income tax paid to a foreign country, child care expenses, adoption costs, rehabilitation of historic properties, research and development, building low income housing, and providing jobs for economically disadvantaged people.
an attractive way of helping needy working families because it allows them to depend less on transfers from the state and more on their own retained earnings
Keywords:  freedom, island, monetary, better
an island of monetary freedom, so the more we have the better
Keywords:  thing, beautiful, good
a beautiful thing
a good thing
Keywords:  refund, full, money, your
a full refund of your money
Keywords:  federal, fund
a federal fund