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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Voucher supporters beat back a late night attempt to remove the federal school voucher tax shelter language from Donald Trump’s Big Beautiful Bill, but the Senate ultimately approved language with some significant differences from the House version. Peter Greene, Forbes.com, 1 July 2025 In total, the clients evaded more than $37 million in federal income taxes while Mellinger and one of his co-conspirators, who was a relative, earned a collective $3 million from promoting the tax shelter between 2013 and 2023. Angie Dimichele, Sun Sentinel, 14 May 2025 Her most notable reporting has been about taxes, including exposing billionaire tax cheats and writing cover stories on tax shelters (both corporate and individual), tax evasion, tax informants, tax administration, tax policy and legitimate tax planning. Emma Whitford, Forbes.com, 28 Apr. 2025 In the 1980s, Nelson was hit with a staggering $16.7 million tax bill, thanks to his involvement in tax shelters. Kelly Phillips Erb, Forbes.com, 12 Apr. 2025 See All Example Sentences for tax shelter

Word History

First Known Use

1952, in the meaning defined above

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

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Cite this Entry

“Tax shelter.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20shelter. Accessed 7 Jul. 2025.

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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