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 That includes sanctioning countries that serve as tax shelters and using the United States’ significant economic leverage to cut off access to the U.S. financial system. Bernie Sanders, Foreign Affairs, 18 Mar. 2024 This, dear readers, is how a tax shelter often works. Jay Adkisson, Forbes, 10 Feb. 2024 When Ronald Reagan became president in 1981, tax shelters became vogue, and people were investing in movies and cattle feeding as write-offs. Brianne Tracy, Peoplemag, 21 Dec. 2023 All in all, this is a good bill, and it can be fully paid for by clawing back a Covid-era payroll-tax credit that has deformed into a tax shelter. Ryan Ellis, National Review, 22 Jan. 2024 See all Example Sentences for tax shelter 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax shelter.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1952, in the meaning defined above

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

Dictionary Entries Near tax shelter

Cite this Entry

“Tax shelter.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20shelter. Accessed 3 Jul. 2024.

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
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!