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tax shelter
(redirected from Tax exemption)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Tax Shelter
An investment selected mainly because it provides favorable tax treatment.

Notes:
The IRS watches tax shelters carefully. If an investment is made for the sole purpose of avoiding or evading taxes, you could be forced to pay tax (or even penalties).

Tax shelter
Legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.
tax shelter
An investment that produces relatively large current deductions that can be used to offset other taxable income. Popular tax shelters include real estate projects and gas and oil drilling ventures. Also called shelter. See also abusive tax shelter.
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