Introduction

For most people, taxes are something they only think about on April 14th. Just kidding – you probably have your tax return done before then. However, do you think about taxes outside of filing your return? Smart tax planning is not just claiming all of the deductions and credits you are entitled to so that you can get a bigger refund. It also involves thinking about and engaging in methods to legally lower your tax burden throughout the year. This module covers:

• Retirement plans
• Education plans
• Flexible spending accounts and transportation savings accounts
• Investing
• Tax fraud