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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tax break

“I’m telling clients this is the best summer-camp tax break in years, and most of them don’t know it exists yet,” said Jeff Judge, managing partner at Chesapeake Financial Planners in Forest Hill, Md.

From MarketWatch ● Jul. 6, 2026

At issue is what is known as trust stacking, which multiplies the benefits of a tax break for investors in small companies by two, three, four or even more times.

From The Wall Street Journal ● Jun. 29, 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

Reform said it would change related EU law, such as Working Time Regulations, to ensure people can "take advantage of this tax break".

From BBC ● May 23, 2026

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

From "Bodega Dreams" by Ernesto Quinonez