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

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Eligible developers could receive up to a 15-year tax break and could renew that abatement for an additional 15 years. —

Nushrat Rahman, Detroit Free Press, 30 Oct. 2024 The key tax break is known as net unrealized appreciation, or NUA. —

Bob Carlson, Forbes, 26 Oct. 2024 How advisors are preparing Don’t wait to find a tax preparer for 2025 Child tax credit for 2025 The refundable portion of the child tax credit — a tax break parents can take for qualifying children — will be $1,700 for 2025, which is unchanged from 2024. —

Lorie Konish, CNBC, 22 Oct. 2024 Trump’s tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn’t extend that tax break. —

Kate Dore, Cfp®, CNBC, 22 Oct. 2024 See all Example Sentences for tax break