Jared Kushner, President Donald Trump's son-in-law and a senior White House adviser, likely paid little or no federal income taxes between 2009 and 2016, The New York Times reported Saturday, citing confidential financial documents.
The documents were created with Kushner's cooperation as part of a review of his finances by an institution that was considering lending him money, the Times reported. The Times said Kushner's tax bills reflected the use of a tax benefit known as depreciation that lets real estate investors deduct part of the cost of their properties from their taxable income.
The Times report said that nothing in the documents reviewed "suggests Mr. Kushner or his company broke the law."