Income taxes skyrocketed and tax allowances were lowered.

所得税急剧上升而免税额却下降了。

《柯林斯英汉双解大词典》

Higher mortgage rates are partly offset by increased tax allowances.

抵押款提高了，其中一部分可由免税额增加而抵消。

youdao

Just how it will be implemented remains unclear, but unless steps are taken by September 2013 there will be an immediate 5% cut in tax allowances.

尽管怎么执行还不甚明确，但除非2013年9月前再采取措施，减少5%的税收折让目前看来是势在必行。

youdao

Speaking to journalists Tuesday, he reiterated the Democratic Party of Japan's campaign promise to increase child allowances, reduce the cost of education, and cut the gasoline tax.

VOA: standard.2009.10.27

Whitehall sources say the Treasury is also planning to introduce special tax allowances for the costs of site reclamation.

ECONOMIST: The pre-budget report

His amendment would allow a spouse who does not work to transfer their unused personal tax allowances to their working partner.

BBC: Finance (No.3) Bill part two

Tax allowances and thresholds are not perfectly indexed and inflation pushes taxpayers into higher income brackets where they face heftier tax rates.

ECONOMIST: Economics focus