When tax season rolls around, most taxpayers are looking for ways to maximize their refund or limit their overall tax liability. While the goal is never to get a huge tax refund, as this would mean that your withholdings are out of order and you are allowing the government to use your money interest-free, getting a small amount in your return is definitely more ideal than having to pay in at the end of the year. The good news is, there are a few things that can be done before the tax year ends and during the tax return process that can allow taxpayers to get the most out of their tax refund.
Last updated: Feb. 13, 2020
Consider Your Filing Status
Filing status can affect a tax return in a variety of ways. It is the filing status that determines what the standard deduction will be, how filing