Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Now's the time to take steps to reduce your taxes next year.
Tax planning involves far more than an annual scramble to defer income and boost deductions.
You should be aware of the tax aspects of all your financial moves throughout the year. The first step is taking advantage of any tax-deferral savings strategies you can. Tax free means you will never owe tax. You might make more, even after paying taxes, on a taxable investment. Say you're deciding between a taxable and a tax-free money market fund.