Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


English definition of “tax allowance”

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income and savings , or a company's profits before the tax owed is calculated : The married couple's tax allowance was withdrawn in the 1990s.
(Definition of tax allowance noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of tax allowance

More Business English definitions for “tax allowance”

Definitions of “tax allowance” in other dictionaries

Translations of “tax allowance”

Word of the Day

prenuptial agreement

an official document signed by two people before they get married that says what will happen to their possessions and/or children if they divorce (= officially stop being married)

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More