Meaning of “tax break” in the English Dictionary

business-english dictionary

"tax break" in American English

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tax breaknoun [ C ]

us /ˈtæks ˌbreɪk/

a change in law that results in the opportunity to pay less in taxes:

With this change, high-income people will get a tax break.

(Definition of “tax break” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"tax break" in Business English

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tax breaknoun [ C ]

uk us US informal TAX

tax benefit :

The Secure Future Energy Act provides tax breaks for US oil and gas producers.

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