Tax planning includes eliminating,reducing or deferring income taxes to be paid.

Name: Tax planning includes eliminating,reducing or deferring income taxes to be paid.
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Tax planning strategies aim to minimize the amount of taxes paid by utilizing deductions, credits, and other legal means to reduce taxable income. These strategies can involve deferring income until a future year, taking advantage of tax-exempt investment options, or using business deductions to reduce taxable income.

Tax Planning Includes Eliminating,reducing or Deferring Income Taxes to Be