Within the Australian, Canadian, United Kingdom, and United States tax systems, a tax credit is a recognition of partial payment already made towards taxes ...
http://en.wikipedia.org/wiki/Tax_credit
HM Revenue & Customs: Tax Credits
We recommend:. Tax Credits Information on the tax credits available to you. ... These leaflets refer to Child Tax Credit and Working Tax Credit. ...
The amount of a Hope Scholarship Tax Credit for 2007 is gradually reduced (phased out) for ... The Hope Scholarship is a tax credit, not a scholarship. ...