Self-assessment Have you signed up for tax-advantaged employee benefits at work? Do you prepare your own tax return (or at least understand your own tax return if you use a tax package or someone else prepares it) so you can learn how to reduce your income tax liability? Do you know your tax bracket? Do you compare your itemized deductions to the standard deduction and take the one that is most advantageous? If you are self-employed, do you make estimated tax payments? Do you have enough tax withheld from your pay to avoid penalties for underpayment, but not so much that you get a refund? Do you take all your legal tax deductions? Do you manage your taxes by deferring income? Do you manage your deductions by planning tax-related expenses? Do you consider taxes in your personal financial planning? Are your financial records organized and fled for safekeeping? Self-assessment Have you signed up for tax-advantaged employee benefits at work? Do you prepare your own tax return (or at least understand your own tax return if you use a tax package or someone else prepares it) so you can learn how to reduce your income tax liability? Do you know your tax bracket? Do you compare your itemized deductions to the standard deduction and take the one that is most advantageous? If you are self-employed, do you make estimated tax payments? Do you have enough tax withheld from your pay to avoid penalties for underpayment, but not so much that you get a refund? Do you take all your legal tax deductions? Do you manage your taxes by deferring income? Do you manage your deductions by planning tax-related expenses? Do you consider taxes in your personal financial planning? Are your financial records organized and fled for safekeeping