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

See Examples For:

tax break

In 2015, the city council gave Markley a 20-year property and personal property tax break estimated at $77 million, the Lowell Sun newspaper reported at the time.

From Barron's ● Oct. 26, 2026

Giving those families a tax break they may not be able to use doesn’t help anyone.

From Los Angeles Times ● Aug. 14, 2026

Fully electric and plug-in hybrid sales accounted for less than 8% of all car sales in June, down from a peak of just over 12% right before the tax break was killed off.

From MarketWatch ● Aug. 4, 2026

The Night Time Industries Association's chief executive, Michael Kill, said the tax break could provide "meaningful relief to businesses facing sustained cost pressures".

From BBC ● Jul. 23, 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

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