It’s that time of year—tax season. Whether you’re looking forward to a refund or you’re someone who regularly owes money to the IRS, no one enjoys the process of filing taxes. But you’d enjoy it more if you knew you were getting the most out of your refund, right? In that case, read on to learn how to increase your tax refund!
Check Your Filing Status
Part of what determines how much you owe at the end of the year is your filing status. For example, if you’re married, in most cases, you’ll want to file jointly to increase your refund, though there are important exceptions to this. Additionally, many single people with children lose out on money when filing as single rather than head of household. Verify that your filing status matches your tax burden to maximize your refund.
Stay Organized
Keeping track of the taxes you have already paid is the best way to ensure you don’t pay more than you need to. Keep organized records on property taxes, mortgage payments, work expenses, and student debt, so you can plug those numbers in correctly.
Get Credit for Everything
Did you know you can get tax credits for fuel-efficient vehicles, commuting to work, or working from home? Many taxpayers are unaware of tax credits they could receive and miss out on money. Be sure to carefully read each option to ensure you get every credit you’re eligible for.
Call the Tax Pros at Premier Tax Service
If you’re unsure you’re getting the most out of your tax refund, we recommend investing in a trusted tax preparation service. Working with a tax service professional, like Premier Tax Service, increases accuracy, makes the process quicker and easier, and ensures you don’t miss any deductions or credits. Call today to learn more and maximize your refund!
