You know what it looks like… but what is it called?
TAKE THE QUIZ“tax benefit”
We have one entry that includes the term tax benefit.
tax benefit rule
noun: a tax rule requiring that if an amount (as of a loss) used as a deduction in a prior taxable year is recovered in a later year it must be included in the gross income for the later year to the extent of the original deduction
Love words? Need even more definitions?
Merriam-Webster unabridged
