Tax planning is the process of evaluating your financial situation throughout the year to help reduce tax liability and make informed financial decisions.

The best time to begin is before major financial decisions are made. Year-round planning often provides more opportunities than waiting until tax season.

No. Individuals, families, retirees, self-employed professionals, and business owners can all benefit from proactive tax planning.

While every situation is different, proactive planning may help identify available deductions, credits, and strategies that can reduce your overall tax burden.

It's a good idea to review your tax plan annually or whenever you experience significant financial or life changes.