HomeDefinitionsCompareDebt Tax shelterThe financial definition for Tax shelter:Legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets. Similar MatchesAbusive tax shelterAbusive tax shelterA limited partnership that the IRS judges to be claiming tax deductions illegally. Tax sheltered annuityTax sheltered annuityA type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees. Click to compare definitions of Tax shelter Click to view definitions beginning ta |