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Tax Shield |
Also found in: Wikipedia | 0.03 sec. |
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Tax shield Tax Shield The reduction of one's taxable income as the result of a properly qualified deduction. Examples of tax shields include mortgage interest deductions, charitable donations, and others. The mortgage interest deduction is a particularly important tax shield to middle-class households because the value of their properties constitutes the greatest part of their net worths. Creating tax shields is also important to wealthy individuals to help them avoid as many taxes as possible. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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