what is tax relief
Lilly-Rose Hunter
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?
7
Valerie Juarez
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
Vivaan Trejo
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
Jett Small
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
Loretta Allison
Answered: 2019-01-12 10:50:19