Tax planning refers to the strategic and lawful management of one's financial affairs with the goal of minimizing the amount of taxes owed through legal means.

By strategically managing one's financial affairs, individuals can reduce their tax burden, increase their after-tax income, and achieve greater financial stability and security.

DISCLAIMER: The information provided here is for general informational purposes only and should not be considered as financial advice. Receiving financial advice from a qualified professional is essential for making informed financial decisions. Consult with a professional who can consider your unique circumstances and provide personalized, legal guidance tailored to your specific needs and goals.