tax-deferred
adjective
TAXukusused todescribeasituationin which youpaytaxfor something at alaterdatethanusual:
With thisplan,yourcontributionsare tax-deferred, so thatyoursavingsgrowfasterthan they would if some of theearningswent topaytaxes.
Themoneycanaccumulateon a tax-deferredbasisforyearsuntilneeded.
atax-deferredaccount/arrangement/plan
atax-deferredinvestment/contribution
tax-deferred
adverb
With the 529savingsplans, themoneygrowstax-deferred.