Taxes are crucial in financial planning as they directly impact income, savings, and investment returns. Proper tax planning optimizes deductions, credits, and retirement contributions, reducing overall tax liability. It ensures compliance with laws, avoids penalties, and maximizes after-tax income for long-term financial goals. Efficient tax management can significantly enhance wealth accumulation and preserve assets over time. To know more visit here https://www.mayfieldheightscpa.com/tax-planning-mayfield-heights-oh