Usually means: Reduction in owed tax amount.
Definitions Related words Mentions
We found 18 dictionaries that define the word tax break:

General (15 matching dictionaries)
  1. tax break: Longman Dictionary of Contemporary English
  2. tax break: Merriam-Webster
  3. tax break: Oxford Learner's Dictionaries
  4. tax break: Collins English Dictionary
  5. tax break: Vocabulary.com
  6. tax-break: Wordnik
  7. tax break: Wiktionary
  8. tax break: Dictionary.com
  9. Tax break: Wikipedia, the Free Encyclopedia
  10. tax break: Rhymezone
  11. tax break: FreeDictionary.org
  12. tax break: Mnemonic Dictionary
  13. tax break: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. Tax break: Deardorff's Glossary of International Economics
  2. BusinessDictionary.com (No longer online)

Slang (1 matching dictionary)
  1. tax break: Urban Dictionary

(Note: See tax_breaks as well.)

Definitions from Wiktionary (tax break)

noun:  A deduction in tax that is given in order to encourage a certain economic activity or a social objective

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