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Tax Planning

Tax planning is the process of organizing one's financial affairs in a way that minimizes tax liability. Tax planning may involve taking advantage of tax deductions, credits, and exemptions, as well as structuring financial transactions in a way that reduces tax liability. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to tax planning.

Short-Term Loss: Definition, Strategies, and Real-Life Examples Thumbnail

Short-Term Loss: Definition, Strategies, and Real-Life Examples

Silas Bamigbola

Capital Loss: What It Is, How to Use, Types, and Examples Thumbnail

Capital Loss: What It Is, How to Use, Types, and Examples

Silas Bamigbola

Short-Term Capital Gains: What It Is, How to Calculate, and Examples Thumbnail

Short-Term Capital Gains: What It Is, How to Calculate, and Examples

SuperMoney Team

Designated Roth Accounts: Definition, Mechanics, and Tax Benefits Thumbnail

Designated Roth Accounts: Definition, Mechanics, and Tax Benefits

Alessandra Nicole

Family Office: How it Works, Types, and Practical Examples Thumbnail

Family Office: How it Works, Types, and Practical Examples

Silas Bamigbola

Pretax Contributions: A Comprehensive Guide How To Maximize Tax Savings Thumbnail

Pretax Contributions: A Comprehensive Guide How To Maximize Tax Savings

Silas Bamigbola

Guide to Tax Relief: Programs, Services, and How to Qualify Thumbnail

Guide to Tax Relief: Programs, Services, and How to Qualify

Andrew Latham

Employee Stock Options: A Comprehensive Guide Thumbnail

Employee Stock Options: A Comprehensive Guide

SuperMoney Team

Short Gold ETF: Definition, Characteristics, Examples, and Implications Thumbnail

Short Gold ETF: Definition, Characteristics, Examples, and Implications

Dan Agbo

What Is Tax Planning? A Guide For Beginners Thumbnail

What Is Tax Planning? A Guide For Beginners

Andrew Latham

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Learn About Tax Planning

Thumbnail for Blog Article: SuperMoney’s AI Scores 99.4% on Its CFP® Knowledge Benchmark

SuperMoney’s AI Scores 99.4% on Its CFP® Knowledge Benchmark

SuperMoney Team

Thumbnail for Blog Article: ST73 Notice: What Is It and How Should You Respond?

ST73 Notice: What Is It and How Should You Respond?

Silas Bamigbola

Thumbnail for Blog Article: LT11B Notice: Avoid Asset Seizure With These Steps

LT11B Notice: Avoid Asset Seizure With These Steps

Silas Bamigbola

Thumbnail for Blog Article: How to Remove an IRS Levy: The Definitive Guide

How to Remove an IRS Levy: The Definitive Guide

Jessica Walrack

Thumbnail for Blog Article: Top IRS Red Flags That May Trigger an IRS Tax Audit

Top IRS Red Flags That May Trigger an IRS Tax Audit

TJ Porter

Thumbnail for Blog Article: 5 IRS Tax Relief Programs That Can Help You Pay Off Tax Debt

5 IRS Tax Relief Programs That Can Help You Pay Off Tax Debt

Tiffany Hsu

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About Tax Planning

Tax planning is the process of organizing one's financial affairs in a way that minimizes tax liability. Tax planning may involve taking advantage of tax deductions, credits, and exemptions, as well as structuring financial transactions in a way that reduces tax liability. Tax planning may be carried out by individuals or businesses, and may involve seeking the advice of a tax professional or expert.