MLchartDataset catalogue

Tax shelter

Term · Law · MLC-T-LAW-005455

A financial arrangement or investment strategy used to legally reduce or defer a tax liability. These methods take advantage of specific provisions in the tax code, such as deductions, credits, and exemptions, to lower the amount of income subject to taxation. A common example is contributing to a retirement account like a 401(k), where contributions and earnings grow on a tax-deferred basis.

Table 1. Record
IdentifierMLC-T-LAW-005455
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005455",
  "term": "Tax shelter",
  "field": "Law",
  "definition": "A financial arrangement or investment strategy used to legally reduce or defer a tax liability. These methods take advantage of specific provisions in the tax code, such as deductions, credits, and exemptions, to lower the amount of income subject to taxation. A common example is contributing to a retirement account like a 401(k), where contributions and earnings grow on a tax-deferred basis.",
  "url": "https://mlchart.com/terminology/law/tax-shelter/"
}

Record 4,952 of 5,439 in Law terminology (MLC-0107). Request the full dataset.