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

McFadden told the BBC: "If any employer hires a young worker under the age of 21, there is no employer's National Insurance liability at all. There's a tax break in the system for that."

From BBC • Jun. 7, 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

Another issue with the tax break is that it’s considered regressive by some experts, meaning it mostly benefits those with higher incomes.

From Barron's • May 13, 2026

Her second priority is pushing legislators to increase the amount of the homeowner exemption, a tax break that allows homeowners to lower their property assessment by $7,000 on their taxes, bringing a savings of $70.

From Los Angeles Times • May 1, 2026

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

From "Bodega Dreams" by Ernesto Quinonez