How do you do tax planning?

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How do you do tax planning?


A little tax planning can be a big help at tax time each year.
  1. If you want to pay the least amount of income tax each year, then it may be helpful to start doing some tax planning. ...
  2. Step 1: Start a filing system. ...
  3. Step 2: Understand tax deduction requirements. ...
  4. Step 3: Evaluate the tax credits offered. ...
  5. Step 4: Use an IRA.

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