tax credit
DefinitionThe direct dollar-for-dollar reduction of an individual's tax liability; compare with tax deduction, which reduces an individual's tax liability only in proportion to his/her tax bracket.
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tax credit is ...
... part of the Taxes subject.
... part of the Taxes subject.
Related Terms
earned income tax credit, education credit, Hope credit, adoption credit, child and dependent care credit, lifetime learning credit, franked dividend, foreign tax credit, 1031 tax-free exchange, Energy Tax Incentives Act of 2005
tax credit appears in the definitions of these other terms on BusinessDictionary.com
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