tax credit (redirected fromTax credits) Thesaurus Financial Related to Tax credits:Child Tax Credits tax credit n (Social Welfare) (in Britain) a social security benefit paid in the form of an additional income tax allowance Collins English Dictionary – Complete and Unabridged, 12th Edition 2014...
The meaning of TAX CREDIT is an amount of money that is subtracted from taxes owed. How to use tax credit in a sentence.
Tax Credit A direct, dollar-for-dollar reduction of one's tax liability. That is, if a taxpayer otherwise owes $2,000 to the government in income tax, but has $1,000 in tax credits, then the taxpayer only owes $1,000. Tax credits may be either refundable or non-refundable. A refun...
Tax credit definition: (in Britain) a social security benefit paid in the form of an additional income tax allowance. See examples of TAX CREDIT used in a sentence.
Tax Credit A reduction in the tax due by a person on account of some government scheme. Random Finance Terms for the Letter T Targeted Repurchase Tax Accounting Tax Books Tax Clawback Agreement Tax Credit Tax Differential View Tax-Exempt Sector Tax Free Acquisition Tax Haven Tax Reform Act of...
The meaning of CREDIT is reliance on the truth or reality of something. How to use credit in a sentence. Synonym Discussion of Credit.
1credit/ˈkrɛdɪt/noun pluralcredits Britannica Dictionary definition of CREDIT 1 [noncount] a:money that a bank or business will allow a person to use and then pay back in the future banks that extendcreditto the public Some banks will charge a fee if you go over yourcredit limit...
tax credit(redirected from Credits Against Tax)Also found in: Thesaurus, Financial. tax creditn (Social Welfare) (in Britain) a social security benefit paid in the form of an additional income tax allowanceCollins English Dictionary – Complete and Unabridged, 12th Edition 2014 © Harper...
33% tax credit applies. Companies are taxed at 25%. Share dividends are taxed at 28%. Corporate taxation: Residence for tax purposes is based...- fourteen of the 15 states taxed land. Delaware taxed the income from property. The War of 1812 required a federal sales tax on specific ...
There is a limit on the amount of credit you can claim, which you calculate on Form 1116. You can claim the smaller of the foreign tax you paid or your calculated limit unless you qualify for one of these exemptions: Your only foreign source income for the tax year is passive. ...