Taxes: Why a strategy is necessary

Filing taxes with a strategy in place can help you maximize your deductions and credits, which can lower your tax liability and potentially result in a larger refund.

A strategy can also help you plan for future tax liability and ensure that you are in compliance with tax laws. Failure to file taxes can result in penalties and interest, and in some cases, criminal prosecution. Additionally, not having a strategy in place can lead to missed opportunities for deductions and credits, which can increase your tax liability. Overall, having a strategy in place when filing taxes can help you pay the least amount of tax possible while also avoiding penalties and legal issues.