From Longman Dictionary of Contemporary Englishtax breakˈtax break noun [countable] PETa special reduction in taxes tax breaks for small businesses
Examples from the Corpus
tax break• Any advantage that a tax break can achieve, a subsidy can accomplish just as easily.• a tax break for small business owners• Because the tax break for mortgage interest would disappear, the finances of home ownership would change.From Longman Business Dictionarytax breakˈtax break noun [countable]TAXECONOMICS a special reduction in taxes that the government allows for a particular purposeA temporary investment tax credit would provide a tax break to businesses that invest in equipment. 