tax-deferred Meaning in the Cambridge English Dictionary
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Meaning of “tax-deferred” in the English Dictionary

"tax-deferred" in Business English

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uk   us   TAX
used to describe a ​situation in which you ​paytax for something at a later ​date than usual: With this ​plan, your ​contributions are tax-deferred, so that your ​savingsgrow faster than they would if some of the ​earnings went to ​paytaxes. The ​money can ​accumulate on a tax-deferred ​basis for ​years until needed. a tax-deferred ​account/​arrangement/​plan a tax-deferred ​investment/​contribution
With the 529 ​savingsplans, the ​moneygrows tax-deferred.
(Definition of tax-deferred from the Cambridge Business English Dictionary © Cambridge University Press)
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