Deferral: A Comprehensive Guide to Its Legal Meaning and Context

Q: How does deferral work in labor law?

In labor law, deferral means that the NLRB may not process unfair labor practice charges if the issue can be resolved through a grievance procedure.

Q: Can I defer my tax payments automatically?

No, tax deferral typically requires specific actions, such as contributing to certain retirement accounts.

Definition & Meaning

Deferral generally means postponing an action or obligation to a later date. In a financial context, it often refers to delaying tax payments, such as with Individual Retirement Accounts (IRAs), where taxes on contributions are deferred until funds are withdrawn. In labor law, deferral describes the National Labor Relations Board's (NLRB) policy of not processing unfair labor practice charges if those charges can be resolved through grievance and arbitration procedures.

Table of content

Legal Use & context

Deferral is used in various legal contexts, particularly in finance and labor law. In finance, it relates to tax obligations and retirement accounts. In labor law, it pertains to the handling of unfair labor practices through grievance procedures rather than direct legal action. Users can often manage these processes themselves with the right legal templates, such as those provided by US Legal Forms.

Key legal elements

Real-world examples

Here are a couple of examples of abatement:

For instance, a person contributing to a traditional IRA can defer taxes on their contributions until they retire and start making withdrawals. In a labor dispute, if an employee files a charge with the NLRB, but the issue can be resolved through a grievance procedure, the NLRB may defer action on the charge.

Comparison with related terms

Term	Definition
Deferral	Postponement of an obligation or action to a future date.
Forbearance	Temporary postponement of debt repayment, often due to financial hardship.
Waiver	Voluntary relinquishment of a known right, often involving immediate action.

Common misunderstandings

What to do if this term applies to you

If you are considering a tax deferral, consult a financial advisor to understand the implications and benefits. For labor-related issues, review your company's grievance procedures and consider using legal templates from US Legal Forms to guide you through the process. If the situation is complex, seeking professional legal assistance may be advisable.

Find the legal form that fits your case

Browse our library of 85,000+ state-specific legal templates.

This field is required

Quick facts

Deferral can apply to taxes and labor disputes.
Tax deferral allows you to delay tax payments until withdrawal.
Labor deferral may involve grievance and arbitration procedures.

Key takeaways

Frequently asked questions

What is a tax deferral?

A tax deferral allows you to postpone paying taxes on certain income until a later date, such as when you withdraw funds from a retirement account.