The deliberate action of delaying the receipt of income during the year, so that the additional income will not become a tax liability. Individuals may do this to avoid paying more taxes or to capitalize on new tax cuts that may benefit them in the following year.
Related information about postponing income:
- Postponing Income: Definition from Answers.com
technique to delay receipt of income into a later year to reduce current tax liability . For example, if it seems likely that Congress or the state legislature.
- Accelerating deductions/postponing income - 360 Degrees of ...
4 days ago ... Accelerating deductions/postponing income. If you'll be in a lower tax bracket next year, you may wish to accelerate your deductions into this ...
- Postponing Income - Financial Dictionary - The Free Dictionary
Postponing Income. 0.01 sec. Postponing income. Purposely delaying receipt of income to a later year in order to reduce current tax liability. Postponing Income ...
- What is postponing income? definition and meaning
Definition of postponing income: The deliberate action of delaying the receipt of income during the year, so that the additional income will not become a tax ...
- Avoiding or Postponing Income Tax on the Proceeds of a Forced ...
Aug 30, 2012 ... If you are forced to sell your property as a result of eminent domain, you may be able to exclude the gain if the property is your main home.
- Minimize Your Taxable Income | Ameriprise Financial
By deferring (postponing) income to a later year, you may be able to minimize your current income tax liability and invest the money that you'd otherwise use to ...
- Controlling the Due Date for Taxes
Postponing income, accelerating deductions. A few specific how-to ideas are listed below. Bear in mind, however, that many of these strategies are much easier ...
- Tax Planning Basics - Wells Fargo Advantage Funds
Sometimes you have the option of postponing income to next year, accelerating it into the current year, or bunching deductions so that your miscellaneous ...