tax shelter

noun

: a strategy, investment, or tax code provision that reduces tax liability
tax-sheltered adjective

Examples of tax shelter in a Sentence

Recent Examples on the Web This, dear readers, is how a tax shelter often works. Jay Adkisson, Forbes, 10 Feb. 2024 When Ronald Reagan became president in 1981, tax shelters became vogue, and people were investing in movies and cattle feeding as write-offs. Brianne Tracy, Peoplemag, 21 Dec. 2023 All in all, this is a good bill, and it can be fully paid for by clawing back a Covid-era payroll-tax credit that has deformed into a tax shelter. Ryan Ellis, National Review, 22 Jan. 2024 As a tax shelter, the plans are ideal for leaving investments undisturbed for many years. Tanza Loudenback, wsj.com, 15 Dec. 2023 Complimenting co-production, tax shelter fundraising and VFX services through subsidiary UFX Studios, Umedia has now launched a development branch to bring in-house productions to the screen. Ben Croll, Variety, 11 Oct. 2023 Like other types of IRA accounts, Ethereum in an IRA is a capital gains tax shelter. The Salt Lake Tribune, 9 Aug. 2023 Further, the more something is marketed, the higher the likelihood that the IRS will take an interest in it and try to stop it as an abusive tax shelter. Jay Adkisson, Forbes, 12 Aug. 2023 The shininess of the great American models is premised on absurd student debt, on universities turning themselves into some mix of tax shelter and investment bank, and on the education system essentially laundering donor money unleashed by regressive tax schemes. Adrian Daub, The New Republic, 21 Apr. 2021

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax shelter.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1952, in the meaning defined above

Time Traveler
The first known use of tax shelter was in 1952

Dictionary Entries Near tax shelter

Cite this Entry

“Tax shelter.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20shelter. Accessed 19 Apr. 2024.

Legal Definition

tax shelter

noun
: 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

More from Merriam-Webster on tax shelter

Last Updated: - Updated example sentences
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