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

“I’m telling clients this is the best summer-camp tax break in years, and most of them don’t know it exists yet,” said Jeff Judge, managing partner at Chesapeake Financial Planners in Forest Hill, Md.

From MarketWatch ● Jul. 6, 2026

The tax break could be applied to proceeds collected by both the founder and trust, resulting in two $15 million exclusions at exit.

From The Wall Street Journal ● Jun. 29, 2026

For homeowners, the tax break already vanished a few months ago.

From Barron's ● Jun. 26, 2026

In October, Commissioner Jack Wilson placed the tax break on the agenda, but it was pulled before the court could take a vote.

From Salon ● Jun. 6, 2026

Hull had been commissioned two years earlier to take over the school’s disciplinary measures by their principal, who had sought out some sort of tax break that could save the school money.

From "Anger Is a Gift" by Mark Oshiro