tax relief

noun

1. a reduction in the amount of tax a person or company has to pay

Example Sentences

Here’s another breakdown at the massive wave of tax relief coming for Americans next year from the One Big Beautiful Tax Bill, with a chart from Dan Clifton, head of policy research for Strategas Securities.

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After around $100 billion in retroactive tax relief was issued in mid-September to companies for investment in capital goods and research and development, a second step of fiscal policy relief hits in February 2026.

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The IFS noted that restricting income tax relief for pension contributions could potentially raise a large sum - but should be avoided as it would be "unfair and distortionary".

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Bass has issued a swath of executive orders to aid recovery, including providing tax relief for fire-affected businesses and streamlining permitting.

Read more on Los Angeles Times

As part of the 2026 budget, in an effort to improve the quality of rental properties, the tax relief which can be claimed for property maintenance by landlords could also increase.

Read more on BBC