Tax Deferral
In one sentence: Postponing the payment of tax to a later year.
What it means
The single most powerful idea in tax planning. Deferral lets pre-tax dollars compound — and often shifts income to lower-bracket years like retirement.
In one sentence: Postponing the payment of tax to a later year.
The single most powerful idea in tax planning. Deferral lets pre-tax dollars compound — and often shifts income to lower-bracket years like retirement.