What is another word for tax break?
Pronunciation: [tˈaks bɹˈe͡ɪk] (IPA) 
The term 'tax break' refers to any deduction, exemption or credit allowed on taxes, and there are plenty of synonyms that can be used to describe this concept. For instance, 'tax deduction,' 'tax exemption,' 'tax credit' and 'tax loophole' all refer to different types of tax breaks, as do 'tax relief,' 'tax abatement,' 'tax shelter' and 'tax incentive.' Some other common synonyms for tax breaks include 'write-offs,' 'allowances,' 'rebates' and 'exclusions,' all of which describe ways in which individuals or businesses can lower their tax bills. Ultimately, there are many ways to talk about tax breaks, which play an important role in the financial lives of many taxpayers.
