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Concept
Tax Savings
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Summary
Tax Savings
refer to the
Reduction in tax liability
achieved through various means such as deductions, credits, and
Strategic Financial Planning
. Understanding and utilizing available
Tax-saving opportunities
can significantly impact an individual's or business's
Financial Health
by maximizing the amount of income retained after taxes.
Concepts
Tax Deduction
Tax Credit
Tax Planning
Tax Avoidance
Tax Evasion
Marginal Tax Rate
Effective Tax Rate
Income Splitting
Capital Gains Tax
Retirement Accounts
Flexible Spending Accounts
Dependent Care Assistance Program
Pre-tax Benefits
Relevant Degrees
Public Revenue 100%
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