When you hear the words “tax planning,” you might envision the process of preparing and filing your income tax return. But what you may not realize is that there’s a whole different side of taxes that has nothing to do with going to TurboTax, H&R Block or your trusted tax preparer.
The goal of tax planning is to decrease your tax liability and maximize your income. It’s a strategy that can have a huge impact on your financial well-being throughout your working life and especially in retirement.
