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.
- Roth IRAA retirement account funded with after-tax money that grows and comes out tax-free.
- 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.
- Flexible Spending Account (FSA)An employer account that lets you set aside pre-tax money for medical or dependent care costs within a plan year.
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.