tax benefit

/tæks ˌbɛnəfɪt/
IPA guide

Other forms: tax benefits

Definitions of tax benefit
  1. noun
    a tax deduction that is granted in order to encourage a particular type of commercial activity
    synonyms: tax break
    see moresee less
    type of:
    deduction, tax deduction, tax write-off
    a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
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