Tax break also known as tax preferences, tax concession, and tax relief, are a method of reduction to the tax liability of taxpayers. Government usually applies them to stimulate the economy and increase the solvency of the population. By this fiscal policy act, government favourable behaving of population sample or general behaving.

Tax Schedule. A tax schedule is a form required by the Internal Revenue Service (IRS) to be prepared in addition to the tax return. It is a tool that reports and provides information about the additional calculations and other amounts stated in the tax return. These generally include information on amounts such as mortgage interest, interest income or charitable contributions.