Tag: tax-planning
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Chapter 43: Peak Tax Season

Tax Day is April 15th. The IRS offers free online filing resources. Low-income, disabled, and limited English speakers can get free tax help. If you can’t pay, request an extension before April 15th or consider payment plans.
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Chapter 40: Tax Loss Harvesting

During tax season, it’s nice to harvest capital losses to reduce taxable income. You can still claim losses with a standard deduction and benefit from lowering your tax burden. Timing and strategy are key for maximizing this opportunity.