How to Build a Tax Plan (Tax Planning for Beginners)

It's time to talk about... How to build a tax plan or create a tax strategy. And this is important because listen, 2021 is almost over. And you have to build your tax plan, the year before tax season starts. Subscribe: https://bit.ly/2HJlq46 Tax Planning & Tax Preparation Services: https://schedule.lyfetaxes.com/discov... Almost every tax season, I have clients who see their tax liabilities or tax refund and ask “what can I do about this number” And the truth is... usually it’s too late to do anything about it their tax outcomes because the tax year is already over with. Timestamps: How to Build Tax Plan (0:00) Step #1 (1:42) Step #2 (3:22) Tax Deductions vs Tax Credits (4:18) Step #3 (6:08) Step #4 (7:50) Step #5 (10:48) By the end of this video, you should have everything you need on how to do tax planning. You'll know your tax liabilities, tax deductions/credits you can go after, you'll know if you even want to chase a tax plan, and a few tax strategies you can implement immediately. Suggested to Watch Next: How to Start a Business Without Money:    • How to Start a Business Without Money (202...   Tax Deductions vs Tax Credits:    • Tax Credits vs Tax Deductions: What is the...   5 Grants to Start a Small Business:    • 5 Grants to Start a Small Business (for St...   Single Member LLC, What You Must Know:    • Single Member LLC: What You Need to Know T...   Tax Secrets:    • Tax Secrets: What “They" Don’t Want You to...   Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).