Tax deferral

Postponing tax to a later period, for example through retirement accounts, accelerated depreciation, or holding assets whose gains are taxed only when sold. Deferral usually changes when tax is paid rather than whether it is paid.

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Related terms

Tax and depreciation

• Accelerated depreciation
• Diminishing value
• Double declining balance
• Sum-of-the-years' digits
• Tax timing strategies
• Temporary full expensing / instant asset write-off
• Units of production