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.
A tax break of questionable merit suddenly seemed attractive.
Thank the government who paid for it by giving their employer a tax break for doing so.
After all, if the tax break goes away, these companies can still buy the free lunch; they just can't deduct it from their taxes.
Yes, I got a tax break for the $5 million I lost with crook extraordinaire Bernie Madoff.
Is allowing a tax break to expire the same thing as raising taxes?
It may be legal to take every tax break you can, to try to claim a $77,000 deduction for your horse.
It is very unlikely to be true that middle-income people will get a tax break in a Romney administration.
The tax break, which costs about $1 billion a year, has been periodically renewed by Congress with support from both parties.
Obama said this tax break will bring in about $1,500 a year to the average working American family.
Budget deficit be damned, lawmakers of both parties are supporting a $67 million tax break for microbreweries.