Tax planning

{
  "id": "MLC-T-LAW-004851",
  "term": "Tax planning",
  "field": "Law",
  "definition": "The analysis of a financial situation or plan from a tax perspective to structure affairs in the most tax-efficient manner. It involves understanding and applying tax laws to reduce current and future tax liabilities through legitimate deductions, credits, and investment choices. Effective planning considers the taxpayer's financial goals and applies them across income, gift, and estate taxes.",
  "url": "https://mlchart.com/terminology/law/tax-planning/"
}