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

If you plan to sell a home, be sure to follow the rules on tax breaks.

From The Wall Street Journal

So far, the $12,500 overtime-pay tax break has been the most frequently used deduction and the $6,000 senior bonus has provided the biggest increase to the size of people’s refunds, he said.

From MarketWatch

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