tax break

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.

Example Sentences

Americans gave the economy a boost in the spring and summer by rushing to buy new cars to beat U.S. tariffs and take advantage of expiring tax breaks.

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The company gets a lot in return: big tax breaks and three resources that data centers need in abundance—land, water and power.

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Also on Tuesday, Paramount announced that it had signed a 10-year deal to move a big part of its studio operations to Bayonne, N.J., taking advantage of beneficial tax breaks there.

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The law also introduced a range of new temporary tax breaks, like a generous deduction for seniors and a quadrupled write-off on state and local taxes.

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"These are not normal times... this election takes place at a time when we have a president who has given a trillion dollars in tax breaks to the top one percent," he said.

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