![]() | The examples and perspective in this article may not represent a worldwide view of the subject. (May 2017) |
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Taxation |
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An aspect of fiscal policy |
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.[1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate.