tax deferral

Definition

Paying taxes in the future for income earned in the current year, such as through an IRA, 401(k), SEP IRA or Keogh Plan.

Use tax deferral in a sentence

You should try to make sure that you know exactly how much of a tax deferral there will be so you can plan for it.

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The tax deferral benefits of the trade made the new security more attractive for the tax conscious investor who joined our team.

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Jack was happy that the tax deferral on his IRA was allowing him to quickly grow a tidy nest egg while being immune to the pressures of a certain percentage to the government each year.

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