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1. Taking advantage of tax-advantaged accounts such as IRAs and 401(k)s.
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2. Maximizing deductions and credits by itemizing expenses and taking advantage of tax credits.
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3. Planning charitable donations to reduce tax liabilities.
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4. Structuring investments and business operations in a tax-efficient manner.
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5. Implementing tax-loss harvesting to offset gains in other investments.
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6. Utilizing estate planning strategies to reduce estate taxes.
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Next steps