From Longman Business Dictionarytax creditˈtax ˌcredit [countable]TAX an amount of money on which you do not have to pay tax. The amount is taken away from your total tax bill or, if you do not earn enough to pay tax, it may be given to you by the governmentUnder the financing program, tax credits are available to individuals who invest between $10,000 and $50,000 in a U.S. company.They proposed a $300 tax credit for each child. → credit
