tax break
noun
: a lower tax rate than other people have
People with small children are being given a tax break.
Examples of tax break in a Sentence
Recent Examples on the Web
Last spring, Esperanza Carmel LLC, applied for a Mills Act contract for the site, a tax break for owners of historic properties who commit to restoring and preserving them.
—
Hailey Branson-Potts, Los Angeles Times, 1 July 2024
Congress did not renew this 2020 tax break; all jobless benefits received in 2023 are reported as taxable income federal income tax returns.
—Susan Tompor, The Enquirer, 12 June 2024
The tax break package includes a combination of tax increment financing and a community improvement district, as well as economic development revenue bonds providing a sales tax exemption on construction materials.
—Sarah Ritter, Kansas City Star, 21 May 2024
In other words, as the cost of living increases, so would the tax break afforded to those eligible for homestead exemptions: residents who own and live in their own homes.
—Alyssa Johnson, Miami Herald, 9 May 2024
See all Example Sentences for tax break 
Hailey Branson-Potts, Los Angeles Times, 1 July 2024
Congress did not renew this 2020 tax break; all jobless benefits received in 2023 are reported as taxable income federal income tax returns.
—Susan Tompor, The Enquirer, 12 June 2024
The tax break package includes a combination of tax increment financing and a community improvement district, as well as economic development revenue bonds providing a sales tax exemption on construction materials.
—Sarah Ritter, Kansas City Star, 21 May 2024
In other words, as the cost of living increases, so would the tax break afforded to those eligible for homestead exemptions: residents who own and live in their own homes.
—Alyssa Johnson, Miami Herald, 9 May 2024
See all Example Sentences for tax break
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax break.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Tax break.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20break. Accessed 26 Jul. 2024.
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