Simple Definition of tax shelter
: a way of investing money that reduces the amount of tax that has to be paid
Full Definition of tax shelter
: a strategy, investment, or tax code provision that reduces tax liability
First Known Use of tax shelter
Legal Definition of tax shelter
: 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
Learn More about tax shelter
Britannica.com: Encyclopedia article about "tax shelter"
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