tax shelter

noun

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


TAX SHELTER Defined for English Language Learners

tax shelter

noun

Definition of tax shelter for English Language Learners

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


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


Learn More about tax shelter


Seen and Heard

What made you want to look up tax shelter? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

an alert or lookout

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

  • alphabet-magnets
  • Which is the correct spelling?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ