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what is tax relief

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  5. what is tax relief

Asked: 2019-01-10 16:23:44

Martha’s new boyfriend, just said that business’ get tax relief. So I said that means they get free taxes? And him and his friends laughed at me. Am I wrong, what is tax relief mean anyway?
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7

Answered: 2019-01-11 11:28:54

A business entity typically get tax relief through tax deductions, credits, exclusions, or forgiveness of a tax lien. It does not mean they get free taxes.

6

Answered: 2019-01-11 05:36:08

I think they were laughing because what he meant was there are business get a sort of tax relief by finding sneaky ways to make bigger deductions on their taxes paying way less than the peak at 35%

3

Answered: 2019-01-12 02:15:37

Tax relief is a reduction in tax rate, or a tax credit, or even forgiveness of a tax lien. People get it as well, not just business’

0

Answered: 2019-01-12 10:50:19

Tax relief is like what they did when the hurricane hit, all those people got tax relief. They paid less cause all them lost their houses.

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