Roughly two-thirds of Americans say that they pay too much in federal income taxes, according to a poll earlier this year from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. About 69 percent feel the same about local property taxes; 62 percent say the same about state sales tax. Less than 20 percent want to pay higher taxes for more government services.
Tax planning is more than just navigating the complexities of the IRS—it's a strategic approach to managing your financial future. By deferring or minimizing taxes through legitimate means, individuals can enhance cash flow and allocate resources more effectively.
As tax laws evolve, understanding these strategies becomes increasingly crucial for securing long-term financial stability and achieving personal financial goals.
Please select this link to read the complete article from OSAP Mission Partner Clark Schaefer Hackett (CSH).