Get more money back on your Tax return
It is that season to finish up our filing. If you have yet to file, well than you’ve already missed some opportunity to get more money back on your tax return. But wait, no need to get discouraged, there’s plenty of other ways to work the system a little. It’s all legal and legit. You just have to make sure that when your filing, you’re aware of some extra funds you can get back.
Some tricks for your return
1. If you have children than you can write off a lot of their expenses for dependent care.
2. If your married, you may want to file separately instead. There are more funds offered for those who file separately.
3. You may want to reconsider the amount of money your contributing to your IRA. The more you contribute, the more money comes off the top of your taxes.
4. Try to hold off on refinancing your condo or home because this can tip your scale and make your return lower.
5. Start a home business and write off all your business expenses.
6. Choose energy saving tactics when setting up your energy plans for yourself. The government loves it and they actually reward you for it but giving you more on your tax return. EX: heat pumps and solar panels can do the trick.
