Meaning of “tax benefit” in the English Dictionary


"tax benefit" in Business English

See all translations

tax benefitnoun [ C ]

uk us also tax advantage TAX

a reduction in the amount of tax that a person or organization would normally have to pay in a particular situation, for doing something that the government is trying to encourage:

There are some very attractive tax benefits to investing in these bonds.

(Definition of “tax benefit” from the Cambridge Business English Dictionary © Cambridge University Press)