The complexity of the tax code can make filing taxes a chore, but you can also use it to your advantage. The many possibilities for tax deductions and tax credits, for example, can help you legally reduce your tax liability.
In doing so, you can end up getting money back — i.e., a tax refund — after filing taxes. To maximize your tax refund, plan throughout the year so you have time to implement more tax-saving strategies.
"Don't wait until December to start," advises Sallie Mullins Thompson, principal and managing member at Sallie Mullins Thompson, CPA PLLC.
3 ways to get a bigger tax refund
- by: Jake Safane
- 09-22-2022
- Source:
CBS News
- 09/23/2022
One hundred dollars, detailed dollar banknote by engin akyurt is licensed under Unsplash unsplash.com
One hundred dollars, detailed dollar banknote by engin akyurt is licensed under Unsplash unsplash.com
Help FAIRtax Become The Number One Issue in 2024
Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!