tax break

(redirected from tax breaks)
Also found in: Thesaurus, Financial.
Related to tax breaks: Tax deductions
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax break - a tax deduction that is granted in order to encourage a particular type of commercial activity
deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
References in periodicals archive ?
WASHINGTON -- In an almost annual ritual, Congress has passed a last-minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season.
The TaxPayers' Alliance's John O'Connell said: "It's ridiculous to hand out tax breaks to councillors without any evidence.
Results published by a handful of the country's 26 cantons, including Geneva, showed voters flatly rejecting the so-called Ecopop initiative, as well as bids to scrap special tax breaks for rich foreigners living but not working in Switzerland, and on forcing the central bank to increase its gold reserves.
As ofJanuary 1, more than 50 different tax breaks expired and will likely increase the tax bills of some metalcasting facilities if these provisions are not renewed, including:
And he suggested the cash should go instead on extending tax breaks on childcare for all couples.
Byline: GRAHAM HISCOTT on why Government needs to stop giving big firms tax breaks
But what looks like a loophole to one taxpayer is a lifeline to another; all tax breaks serve some economically, socially or politically beneficial purpose.
Two Texas lawmakers are taking aim at a law passed decades ago that gives hefty property tax breaks to some private country clubs and golf courses.
Using stock option tax breaks, Facebook was able to give its executives the ability to purchase stock at dirt-cheap prices.
Summary: David Cameron faces a fresh backlash after it emerged that marriage tax breaks will not be included in next month's Budget.
The tax break has been blasted by critics, who include it with other fiscal cliff tax breaks that help Puerto Rican rum makers, Hollywood movie producers and Wall Street bankers.