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Abatement

What Does Abatement Mean?
In general, a decrease in the amount of taxation faced by an individual or company.

Investopedia explains Abatement
Examples of an abatement include a tax decrease, a reduction in penalties, or a rebate.

Related Terms

Abatement Cost
Deduction
Double Taxing
Tax Credit
More Related Terms

Related Links

Tax Tips For The Individual Investor - We give you seven guidelines to help you keep more of your money in your pocket.
A Long-Term Mindset Meets Dreaded Capital-Gains Tax - Investors should consider the impact of taxes on their returns and learn ways to minimize it.

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