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

While homeowners can’t get federal credits for putting panels on their roofs, those that lease the panels can still benefit from tax breaks.

From Barron's

While homeowners can’t get federal credits for putting panels on their roofs, those that lease the panels can still benefit from tax breaks.

From Barron's

Some states in the PJM region, especially Virginia and Illinois, have dangled tax breaks to attract data centers.

From The Wall Street Journal

“It’s about financial help, flexible work, tax breaks, but also connecting with other caregivers. A lot of people feel that support isn’t there for them today, and it makes them feel very alone.”

From MarketWatch

Tech companies are drawn to these markets by friendly regulations, available power, and tax breaks.

From Barron's