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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Example Sentences

See Examples For:

tax break

But he said he and his partners aren’t pursuing the tax breaks themselves and don’t expect to benefit from the tax break directly.

From The Wall Street Journal ● Nov. 2, 2026

In 2015, the city council gave Markley a 20-year property and personal property tax break estimated at $77 million, the Lowell Sun newspaper reported at the time.

From Barron's ● Oct. 26, 2026

In July, she enacted a three-year pause on any new tax break given to a company for a data centres project.

From BBC ● Oct. 14, 2026

Many advisers point out that the tax break on muni bonds needs to be viewed in the broader context of your overall financial picture and your plans.

From MarketWatch ● Sep. 25, 2026

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

From "Bodega Dreams" by Ernesto Quinonez

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