A way to defer income taxes to later years is to

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All three options can help defer income taxes to later years. Contributing to individual retirement accounts and defined-contribution retirement plans allow individuals to reduce their taxable income for the current year, while also providing a tax-deferred growth on the earnings until the money is withdrawn in the future. Deferring income to a later year can also be effective for those who expect to be in a lower tax bracket in the future.

A Way to Defer Income Taxes to Later Years Is