Tax credit

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

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What Wikipedia says

A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases.

Excerpt from the Wikipedia article “Tax credit”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: stevepb, CC0, via Wikimedia Commons.