tax deferral

tax deferral definition - finance
The postponement of tax payments from the current year into the next year or future years. The Internal Revenue Service (IRS) allows tax deferral under the terms of retirement accounts such as 401(k)s and Individual Retirement Accounts (IRAs).

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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