Tax Relief

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Definition: Tax Relief

Tax Relief
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Full Definition of Tax Relief

Reduction of taxes that are owed to a local, state, or federal taxing authority. Certain requirements must be met to obtain some form of tax relief. For example, the state of Virginia provides car tax relief to residents that own or lease a car that is not used more than 50% of the time for business purposes.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/tax-relief/
Modern Language Association (MLA):
Tax Relief. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/tax-relief/.
Chicago Manual of Style (CMS):
Tax Relief. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/tax-relief/ (accessed: April 19, 2024).
American Psychological Association (APA):
Tax Relief. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/tax-relief/

Definition Sources

Definitions for Tax Relief are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.