3 Ways to Maximize Your Tax Refund

admin • January 21, 2019

 

With all the changes to the tax code this year, people will need to look to their accountants for support.


The following are 3 ways to maximize your tax refund.

 

 

1) Donate to a charity – The new reform increased the amount you can claim for donations. Now you can deduct up to 60% of your Adjusted Gross Income.

 

2) Deduct medical expenses – The threshold is 7.5% of your Adjusted Gross Income.

3) Contribute to your IRA – Get a tax deduction up to $5,500 by maxing out your IRA before April 15, 2019.

Disclaimer: The information on this website and blog is for general informational purposes only and is not professional advice. We make no guarantees of accuracy or completeness. We disclaim all liability for errors, omissions, or reliance on this content. Always consult a qualified professional for specific guidance.

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