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Definitions from WordNet

Definitions from the Web

Tax Advantage

Noun:

1. A benefit or advantage gained by an individual or business due to the provisions of the tax laws.

Example sentence: The tax advantage of investing in a pension plan is that it allows individuals to save for retirement while enjoying potential tax benefits.

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Adjective:

1. Referring to a strategy, investment, or decision that provides advantageous tax benefits.

Example sentence: By implementing tax-advantaged investing strategies, individuals can reduce their overall tax liabilities.

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Verb:

1. To use the provisions of the tax laws to one's advantage.

Example sentence: Small business owners can tax advantage by deducting their business expenses from their taxable income.

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