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English definition of “tax allowance”

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tax allowance

noun [C]
 
 
UK ( US tax exemption) TAX
an amount of money that can be taken off someone's income and savings, or a company's profits before the tax owed is calculated: The married couple's tax allowance was withdrawn in the 1990s.
Translations of “tax allowance”
in Chinese (Traditional) 收入免稅額(指收入中不需交稅的部分)…
in Chinese (Simplified) 收入免税额(指收入中不需交税的部分)…
(Definition of tax allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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