What DEFERRED COMPENSATION means: Compensation that will be taxed when received or upon the removal of certain restrictions on receipt and not when earned. For example, contributions by an employer to a qualified pension or profit-sharing plan on behalf of an employee are considered deferred compensation. Such contributions will not be taxed to the employee until the funds are made available or distributed to the employee, usually upon retirement or separation from service.
- Definition Dependent Exemption:
- Dictionary An exemption for an individual who qualifies as the taxpayer's dependent. See our Exemption Allowance rate table for the current amount deferred compensation definition.
- Definition Depreciable Asset:
- Dictionary Tangible personal property or real property used in business or held for the production of income with a determinable useful life of more than one year deferred compensation explain.
- Definition Distribution:
- Dictionary Money or property a taxpayer receives from a retirement plan such as an individual retirement arrangement or an employer-maintained retirement plan. See also Distributions by Corporations deferred compensation what is.
- Definition Declining Balance Method Of Depreciation:
- Dictionary method of depreciation under which the depreciable basis for the following year is reduced by the depreciation deduction taken in the current year. The depreciation decution therefore decreases each deferred compensation meaning.
How works Deferred Compensation meaning in Tax definitions D .
