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English definition of “tax-deferred”

tax-deferred

adjective
 
 
TAX
used to describe a situation in which you pay tax for something at a later date than usual: With this plan, your contributions are tax-deferred, so that your savings grow faster than they would if some of the earnings went to pay taxes. The money can accumulate on a tax-deferred basis for years until needed. a tax-deferred account/arrangement/plan a tax-deferred investment/contribution
tax-deferred adverb
(Definition of tax-deferred from the Cambridge Business English Dictionary © Cambridge University Press)
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