Tax avoidance is the legal usage of the tax regime in a single territory to ones own advantage to reduce the amount of tax that is payable by means that are within the law. Tax avoidance is different from tax evasion, which is the failure to pay or a deliberate underpayment of taxes. Tax avoidance is legal and involves using legal methods to minimize the amount of income tax owed by an individual or a business. Taxpayers can take advantage of tax avoidance through various credits, deductions, exclusions, and loopholes that are part of the tax code to their advantage. Tax avoidance is generally accomplished by claiming as many deductions and credits as permitted or prioritizing investments with tax advantages. Tax avoidance is not limited to individuals, as corporations can also use forms of tax avoidance to lower their tax bills. Tax avoidance reduces government revenue, so governments with a stricter anti-avoidance stance seek to prevent tax avoidance or keep it within limits. Tax avoidance is legal, and taxpayers can use it to avoid paying taxes or at least lower their tax bills.