shelter

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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 ?
* Tax planning is not per se "tax sheltering"--taxpayers are permitted to structure their affairs in ways that legitimately minimize their tax burden.
Seen in this light, the workshop is not an all-or-none entity but a dimension of more or less normalizing experiences, more or less sheltering environments.
It found that "except for the heaviest fallout regions, the sheltering provided by an unprepared basement [and an initial, continuous] shelter time of no more than three weeks will suffice' to protect survivors from a lethal dose of radiation.