tax credit

1. 1.

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

   Broaderdecrease

Questions about tax credit

What does tax credit mean?

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

Is tax credit a common word?

tax credit is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.