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Factor in tax consequences when making major financial decisions from "summary" of The Tax and Legal Playbook by Mark J. Kohler
When it comes to making major financial decisions, it's crucial to consider the tax consequences that may come along with them. Many people overlook the impact that taxes can have on their financial choices, leading to potentially costly mistakes down the line. By factoring in tax implications from the start, you can better plan and strategize your financial moves. Taxes can significantly affect the outcome of your financial decisions, whether it's buying a home, starting a business, or investing in the stock market. Understanding how taxes will impact your bottom line can help you make more informed choices that align with your overall financial goals. For example, knowing the tax deductions and credits available to you can...
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