Tax prep is filing. Tax planning is strategy. Knowing the difference helps you avoid surprises and keep more of what you earn. Tax prep Preparing and filing your return based on what already happened during the year. Tax planning Looking ahead to reduce taxes legally—through better tracking, timing, and business decisions. Who benefits most from planning • Self-employed/1099 earners • Small business owners • Anyone with major life changes (new job, new baby, home purchase, et