tax allowance, It is a specific amount of income, profit, or asset value that is exempt from taxation, effectively reducing an individual's or entity's taxable income., tax incentive, It is an aspect of a government's taxation policy designed to incentivize or encourage a particular economic activity by reducing tax payments., tax credit, It is a provision that reduces a taxpayer's final tax amount, 'dollar-for-dollar'. It differs from deductions and exemptions.

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