Tax Shelters

A tax shelter is a tool utilized by individuals or organizations to reduce their taxable incomes and subsequently lower their tax obligations. These shelters are perfectly legal and encompass a wide range of options, including investments or investment accounts that offer advantageous tax treatment, as well as activities or transactions that result in deductions or credits that decrease taxable income. Some common illustrations of tax shelters include employer-sponsored 401(k) retirement plans and municipal bonds.