tax deferment

Tax deferment is a financial strategy that allows individuals or businesses to postpone paying certain taxes to a later date. Instead of paying taxes immediately on income or gains, you delay the payment, often through specific accounts or investments, until a future time when you'll withdraw or liquidate those assets. This concept helps manage cash flow, allows investments to grow without immediate tax burdens, and can optimize your overall tax situation. However, it doesn't eliminate the tax; it simply defers the obligation to a later period.