Tax planning isn’t just for April – year-round strategies can save you thousands of dollars.
Contribute to tax-advantaged accounts like 401(k)s, IRAs, and HSAs to reduce your taxable income.
Keep good records of tax-deductible expenses throughout the year, including charitable donations and business expenses.
Consider whether itemizing deductions or taking the standard deduction saves you more money.
If you’re self-employed, make quarterly estimated tax payments to avoid penalties and large bills at year-end.
Tax laws change regularly, so stay informed or work with a professional for complex situations.
The goal is to pay what you owe legally while keeping as much of your money as possible.
