Strategies for Managing Your Tax Bill on Deferred CompensationDeferred compensation refers to money

Strategies for Managing Your Tax Bill on Deferred Compensation

Deferred compensation refers to money received in one year for work performed in a previous year—often many years earlier. Typically, you receive deferred compensation after retiring or leaving employment. If you’re receiving deferred compensation, or considering an offer than includes a deferred compensation plan, it’s important to understand what you can do to reduce your tax bill. To find out more, see the full TurboTax article.