What does tax benefit mean?
Definitions for tax benefit
tax ben·e·fit
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax benefit.
Princeton's WordNet
tax benefit, tax breaknoun
a tax deduction that is granted in order to encourage a particular type of commercial activity
ChatGPT
tax benefit
A tax benefit is a deduction, exemption, or credit that reduces the amount of tax a person or business owes to the government. It is typically put in place to encourage certain behaviors or activities, such as investing in renewable energy, purchasing a home, or contributing to a retirement account. The reduced tax liability can result in significant savings for the taxpayer.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of tax benefit in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of tax benefit in Pythagorean Numerology is: 7
Examples of tax benefit in a Sentence
While it's appealing to make a pre-tax contribution directly from an IRA to a charity, the reality is that the 'double tax benefit' of donating appreciated securities to a charity is still superior for tax purposes.
Depreciation for buildings that are not suffering wear and tear, that is a generous tax benefit, every developer gets that, but taking deductions on other people's money, that goes beyond what other real estate developers would do.
Somebody earning $300,000 is still considering a 401(k) strategy, it's more about the tax benefit - not that they need to save more money.
If a business entity were to invest in capital, or to invest in machines, or to invest in expansion, they receive tax benefit for doing so, but if an individual family decides to make an investment in people, in our future, in human beings, all we're asking is that the tax code recognize that as well as an investment in the future.
Translations for tax benefit
From our Multilingual Translation Dictionary
- manfaat pajakIndonesian
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"tax benefit." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/tax+benefit>.
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