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Tax shield

Tax shield Definition

The amount of money saved in income taxes by taking allowable deductions. Calculate tax shield by multiplying deductions by tax rate. For example, if an individual falls in the 33% income tax bracket and deducts $1,500 from their taxable income, he would have a tax shield benefit of $495.

RELATED TERMS
Deduction
Tax bracket
Taxable income
RELATED CATEGORIES
Taxes







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