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

For many people, a year-end pay stub will have all the numbers a tax professional needs to determine which pay is eligible for the tax break, Steber said.

From MarketWatch • Apr. 14, 2026

Repealing the water’s edge tax break isn’t the only tax-related proposal being considered as the state seeks to increase revenue.

From Los Angeles Times • Mar. 17, 2026

This tax break is useful to owners whose profit exceeds the $250,000/$500,000 exemption, or who aren’t eligible for it—perhaps because they are selling a second home or an investment property.

From The Wall Street Journal • Mar. 6, 2026

Looking to attract more tech investments, the Indian government announced plans over the weekend to give tech firms a 20-year tax break on overseas revenue gleaned from global data services based in India.

From The Wall Street Journal • Feb. 5, 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