<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=168450771162554&amp;ev=PageView&amp;noscript=1">

Meaning & Definition

Deferred Compensation

It is a compensation plan that allows employees to defer compensation earned in one tax year to a future tax year. Portions of payments and bonus payments are parts of the compensation employees may choose to defer. Deferred compensation is not considered as taxable income for employees until they receive the deferred payment in a future tax year.

Latest Blog