Five Tax Planning Strategies to Use All Year to Lower Taxes

Proactive ways to lighten the tax load include deferring or accelerating income, tax-loss harvesting and bunching several expenses into one year.

A person's fingers work on a calculator that sits atop a pile of coins next to a magnifying glass.
(Image credit: Getty Images)

To minimize your tax burden and make the most of your money, you need to switch from a reactive to a proactive mindset when it comes to taxes.

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Jamie P. Hopkins, Esq., CFP, RICP
Director of Retirement Research, Carson Wealth

Jamie Hopkins is a well-recognized writer, speaker and thought leader in the area of retirement income planning. He serves as Director of Retirement Research at Carson Group and is a finance professor of practice at Creighton University's Heider College of Business. His most recent book, "Rewirement: Rewiring The Way You Think About Retirement," details the behavioral finance issues that hold people back from a more financially secure retirement.