tax benefit

• Ventaja financiera o reducción de la obligación tributaria prevista por la ley, como una deducción, crédito o exención, que disminuye el monto del impuesto a pagar.

A financial advantage or reduction in tax liability provided by law, such as a deduction, credit, or exemption, that lowers the amount of tax owed.

1. Tax advantageB2formal

   A reduction in the amount of tax owed, often provided by the government to encourage certain activities or to provide financial relief.

   beneficio fiscal

   • Homeowners can claim a tax benefit for mortgage interest payments.
   • The new law offers a tax benefit for investing in renewable energy.
   • She received a significant tax benefit for her charitable donations.

2. Financial incentiveB2formal

   A financial advantage or saving that results from a specific tax rule or deduction.

   beneficio fiscal

   • The company used the tax benefit to lower its overall tax bill.
   • Small businesses often qualify for a special tax benefit.
   • He structured his investments to maximize the tax benefit.