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

The new tax breaks create new planning opportunities for homeowners, the parents of young children and those donating to charity.

From MarketWatch

But non-national brands are set to face hurdles, with tax breaks for imported electric vehicles nearing an end, fuel subsidies gradually being phased out, and new import duties kicking in, Oh notes.

From The Wall Street Journal

A "platinum" version of the card that offers special tax breaks will also be available soon for $5m, the website said.

From BBC

Every year I use the “Donating Appreciated Assets” tool on the Fidelity Charitable site to help me decide which assets have appreciated the most and yield the greatest tax break.

From MarketWatch

The 2026 refund projections underscore the array of new and enhanced tax breaks within the One Big Beautiful Bill Act, such as “no tax on tips” and a new “senior bonus.”

From MarketWatch