Tax Planning Basics—Don't Pay More Than You Have To

Author: External Author | | Categories: Accounting , Accounting Firm , Tax Accountant , Tax Planning

The idea behind tax planning is to arrange your financial affairs so you ultimately end up owing as little as possible in taxes. You can do this in three ways: You can reduce your taxable income, increase your deductions, and take advantage of tax credits.

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Original Article Source Credits: The Balance,

Article Written By: William Perez

Original Article Posted on: 11th April 2021

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