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tax shelter

noun

Simple Definition of tax shelter

  • : a way of investing money that reduces the amount of tax that has to be paid

Source: Merriam-Webster's Learner's Dictionary

Full Definition of tax shelter

  1. :  a strategy, investment, or tax code provision that reduces tax liability

tax–sheltered

play \ˈtaks-ˌshel-tərd\ adjective

1952

First Known Use of tax shelter

1952


Law Dictionary

tax shelter

noun

Legal Definition of tax shelter

  1. :  an entity (as a partnership) or investment plan or arrangement whose principal purpose is the avoidance or evasion of income tax; also :  an interest offered or purchased on the premise that it will provide favorable tax consequences




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