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.
Obama said this tax break will bring in about $1,500 a year to the average working American family.
Thank the government who paid for it by giving their employer a tax break for doing so.
Yes, I got a tax break for the $5 million I lost with crook extraordinaire Bernie Madoff.