Definition of tax break in US English:
tax break
nounˈtaks ˌbrākˈtæks ˌbreɪk
informal A tax concession or advantage allowed by government.
tax breaks for industry to encourage investment
Example sentencesExamples
- Make sure you take advantage of the repatriation tax break just like the big boys.
- Congress, meanwhile, would modify tax law to give franchisers a tax break for the waived fees.
- If you do opt for a designated unit, be aware that a developer will invariably add a premium for the tax break.
- So, if there's a tax break on interest payments, savvy companies should favor debt over equity.
- For all but the very wealthy, the tax break from dividends would be meager.
Synonyms
reduction, cut, discount, deduction, decrease