Everyday financial decisions and transactions can affect your taxes more than you may realize. This 2016 Tax Planning Guide explains how taxes fit into your financial picture and suggests strategies that can help lower your federal income-tax liability. The Guide includes helpful explanations of important individual and business tax provisions along with examples of how the rules work.
As you read the Guide, please keep in mind that everyone’s tax situation is different. Before implementing any of the strategies discussed here, you will want to secure professional advice.