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

Retirement savings have decades to compound and may need to support him and his wife for 30 years or more, making the tax break more valuable.

From The Wall Street Journal • Mar. 31, 2026

Issaks added that the Legislative Analyst’s Office has found no strong evidence that companies would flee California if the water’s edge tax break was repealed.

From Los Angeles Times • Mar. 17, 2026

Based on this and other evidence, Urda ruled that Pesarik didn’t qualify for the $250,000 home-sellers’ tax break.

From The Wall Street Journal • Mar. 6, 2026

More than $400 million in taxes was written off thanks to a tax break on research and development costs, according to the Institute on Taxation and Economic Policy.

From MarketWatch • Feb. 17, 2026

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

From "Bodega Dreams" by Ernesto Quinonez