A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Tax DeferralDelaying taxes on money until a later date, letting it grow untaxed in the meantime inside certain accounts.
- Traditional IRAA retirement account where you often deduct contributions now and pay taxes later when you withdraw the money.
- 401(k)A retirement account through your job, often with an employer match — free money for saving.
- Health Savings Account (HSA)A tax-advantaged account for medical costs, paired with a high-deductible health plan, offering strong tax benefits.
- Tax-Advantaged AccountAn account offering tax breaks on contributions, growth, or withdrawals to encourage saving for goals like retirement.
More in Taxes
1099Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependent
Plain-English education — not personalized legal, tax, or investment advice.