tax break

Cultural  

1. A special tax benefit given to promote specific economic or social objectives. For example, the U.S. government, having decided that individual home ownership is a boon to the economy, allows interest on a home mortgage to be subtracted, in whole or in part, from one's taxable income. The resulting lower taxation for homeowners constitutes a tax break.

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tax break

Employers themselves don’t have to give money to the accounts for workers to take advantage of the new tax break, experts noted — they just have to update their benefits plans.

From MarketWatch ● Aug. 14, 2026

Because Bill Clinton, who was president when Roth IRAs were enacted in 1997, was wary of giving wealthy Americans a tax break they didn’t need, contribution limits also were constrained by family income.

From Los Angeles Times ● Aug. 14, 2026

The Night Time Industries Association's chief executive, Michael Kill, said the tax break could provide "meaningful relief to businesses facing sustained cost pressures".

From BBC ● Jul. 23, 2026

The Qualified Small Business Stock tax break, or QSBS, allows founders to exclude up to $15 million in capital gains from their taxable income.

From The Wall Street Journal ● Jun. 29, 2026

She assumed that her accountant must have done it to get her a tax break.

From "Bodega Dreams" by Ernesto Quinonez