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Meaning of “tax-deferred” in the English Dictionary

"tax-deferred" in Business English

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tax-deferredadjective

uk   us   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
With the 529 savings plans, the money grows tax-deferred.
(Definition of tax-deferred from the Cambridge Business English Dictionary © Cambridge University Press)
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“tax-deferred” in Business English

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