Can either be notice of a partial payment that was made towards taxes already or a tax benefit offered by the state. These credits are often determined by a firm's or individual's income and other tax liability factors.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser