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MissouriFamilies.org - Money Matters - Consumer Action

 

Finance Quick Answers

 

 

What is the difference between tax-deferred and tax-exempt?


On a tax-deferred investment, you will not pay taxes until you withdraw the funds. On a tax-exempt investment, you will not ever have to pay taxes.
 

 

Dr. Joyce Cavanagh, Former Assistant Professor and State Specialist, Consumer and Family Economics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Last update: Thursday, July 24, 2008

 

 

 


 
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