Sentences with phrase «defer taxation every year»

Not exact matches

In the past five years, following a ruling by the Internal Revenue Service, some states have allowed local school districts to convert to a system in which employees contribute pretax dollars, thus deferring the taxation...

If an employee is entitled at the end of the year to receive an amount in a future year and one of the main purposes for this arrangement is to defer or postpone taxation, the amount will be taxed as a benefit to the employee in the current year.

REALITY: The long - term tax treatment offered by annuities is much more favorable than many believe, and tax - deferred annuities have the added potential to accumulate more than vehicles that may be subject to taxation each year.