Skip to main content
MoneyMolecule$MoneyMolecule
TermTaxes

Tax credit

A dollar-for-dollar reduction of the tax you owe.

Watch out for this

More powerful than a deduction — and some are refundable.

About this entry: short by design — every term in The Money Translator gets a one-sentence definition and a one-sentence reason to care. Some terms get deeper guides under the work.

More in this topic