Washington (CNN) Jared Kushner, whose net worth is nearly $324 million, appears to have paid almost no income taxes from 2009 to 2016, The New York Times reported Saturday.

The President's son-in-law and adviser's low tax bills resulted from a common tax-minimizing maneuver, and nothing in the documents suggests Kushner or his company at the time broke the law, the Times reported, citing confidential documents that it reviewed.

A spokesman for Kushner's lawyer told the Times Kushner "paid all taxes due."

The US tax code allows real estate investors like Kushner, whose family company, Kushner Companies, has spent billions of dollars on real estate over the past decade, to write off depreciation, or a property's devaluation because of use or wear and tear.

Kushner stepped down as CEO of Kushner Companies in January 2017 after Trump was sworn in as President, and has sold his stakes in some of the firm's projects as well as other investments.

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