When you defer taxes, you postpone paying them until a later date.
Others have allowed older people to postpone paying part of their taxes until they sell their property.
That has led state administrators to either take money from other educational programs or postpone paying their phone and Internet companies.
Customers who wanted to postpone paying for stock purchases could then borrow money from their brokers for another seven days.
Without sufficient revenue, the Government has had to postpone paying wages and pensions.
The idea behind it was to allow people to postpone paying taxes until they die, at which point they presumably no longer care.
It may ask to postpone paying the tax that it thinks is not due.
Q. And does filing the automatic extension mean that you can postpone paying your state tax?
Investors who hold on to inflated stocks get to postpone paying taxes - in effect, receiving an interest-free loan from the Government.
If you depreciate the part of your residence used for the business, it would affect your ability to postpone paying the tax on any profit when you sell.