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Chapter 12: Planning for Taxes

Microsoft Money Plus has a set of powerful capabilities that can turn the time-stealing chore of tax preparation into an easy task. While your friends and family spend many sleepless nights preparing for the April 15 tax deadline, you can sit back and relax, because Microsoft Money Plus has your tax information all ready to go.

Establishing a tax strategy

For some people, the toughest part of tax planning is getting started and learning what to do. Money Plus provides an excellent starting point. That's because a lot of the information you've already entered in doing your daily finances can be used to roughly calculate your current tax situation. A few quick tips can also help Money Plus better estimate your taxes and get you going with a solid tax strategy.


Figure 12-1: Tax Estimator

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