Tax planning is an important part of managing personal finances. It involves organizing your finances in a way that helps reduce the amount of taxes you owe and increase your savings. By using legal options and smart strategies, you can improve your financial situation while still following tax laws. Tax planning means knowing the rules, regulations, and exemptions that apply to your specific situation. It's not about avoiding taxes or doing anything illegal. Instead, it's about using legitimate methods to get the best possible tax results.
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