Though tax preparation may seem daunting, the fact that there are so many rules, limits, and incentives built into the tax system also means there are plenty of legal ways to cut your tax bill. Do You Dread Tax Season? Before you take any specific action, be sure to consult with your tax professional. Becoming familiar with the basics and how to spot opportunities might help simplify the process and make it seem more routine. It’s also wise to keep abreast of recent tax-law provisions, especially those in the Tax Cuts and Jobs Act of 2017, which are scheduled to expire after 2025.
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