Definition

In relation to taxes or taxation matters.

Example

When planning your finances, it's important to think taxwise to minimize your liabilities.

Conversation

Have you thought about how you're going to handle your finances this year?

Not really, but I guess I should consider it more carefully.

It’s important to plan taxwise if you want to save money.

Absolutely! I’ll definitely look into it before the deadline.

Synonyms & Antonyms

Root Explanation

Taxwise → The word is formed from "tax" (from Old French *taxe*, meaning a charge or levy) and "-wise" (meaning in the manner of or with respect to). The term "taxwise" refers to matters or considerations related to taxes.

Memory Tip

Think of 'tax' as a charge and '-wise' meaning in the manner of — so 'taxwise' means in the manner of taxes.

Visually Confused Words