In this study, we have proposed an efficient numerical algorithm based on third degree modified extended B-spline (EBS) functions for solving time-fractional diffusion wave equation with reaction and damping terms. The Caputo time-fractional derivative has been approximated by means of usual finite difference scheme and the modified EBS functions are used for spatial discretization. The stability analysis and derivation of theoretical convergence validates the authenticity and effectiveness of the proposed algorithm. The numerical experiments show that the computational outcomes are in line with the theoretical expectations. Moreover, the numerical results are proved to be better than other methods on the topic.