shelter

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Related to sheltered: sheltered workshop

Tax Shelter

An investment vehicle that reduces one's tax liability. For example, a 401(k) defers taxation until withdrawal from the account and may therefore be considered a tax shelter. Tax shelters are legal unless their sole purpose is to avoid taxes. See also: Tax evasion.

shelter


shelter

To protect one's income from taxation. Some taxpayers shelter their income by investing in such activities as oil drilling ventures.
References in periodicals archive ?
Evaluating competitive employment versus sheltered workshop employment.
Comparison of sheltered and supported work programs.
Sheltered and supported work comparison: A response to Wehman's comments.
The differences in inappropriate behavior and instructional interaction in sheltered and non-sheltered work environment.
Sheltered workshops: financial and philosophical liabilities.
Sheltered workshops for older adolescent and adult mental retardates.
Sheltered versus supported work programs: A second look.