You may not think about taxes often, but they can prove to be a large expense. That's why it's important to make the most of any opportunities you may have to lower your tax liability. Here's a look at some of the factors you may want to consider in your planning. Standard Deduction or Itemizing The Tax Cuts and Jobs Act (TCJA) contained many provisions that will be in place through the 2025 tax year. For example, there are significantly higher standard deductions for each filing status and … [Read more...] about Tips on Tax Planning