[taks-brak-it] /ˈtæksˌbræk ɪt/
- Tax break
tax break definition A special tax benefit given to promote specific economic or social objectives. For example, the U.S. government, having decided that individual home ownership is a boon to the economy, allows interest on a home mortgage to be subtracted, in whole or in part, from one’s taxable income. The resulting lower taxation for […]
noun 1. a document issued to the purchaser of property sold for unpaid taxes attesting to the holder’s right to eventual receipt of the title deed.
noun 1. a city in Guerrero state, S Mexico: silver mining.
[taks-di-duhk-tuh-buh l] /ˈtæks dɪˌdʌk tə bəl/ adjective 1. noting an item the value or cost of which is deductible from the gross amount on which a tax is calculated. tax-deductible adjective 1. (of an expense, loss, etc) legally deductible from income or wealth before tax assessment