tax break

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

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Capitol in their religious regalia reflecting their diverse faith traditions to protest an "immoral proposed budget that would slash essential aid for the most vulnerable to give tax breaks to billionaires."

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This valuable tax break, though, can be removed if the groups become involved in political activities or move away from their stated purposes.

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Other states and countries have been luring away production from California by offering generous tax breaks and rebates.

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Telling working people to pay more for socks while billionaires get tax breaks and bailouts.

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Getting a leg up in life — or just being financially comfortable — is an increasingly difficult solace to attain, blocked by tax breaks for the rich, incessant bills and unaffordable housing.

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tax-bracket creep tax certificate

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