Apr 2, 2025 · Taxdeadline looming? Get actionable last-minute tips about extensions, deadlines, savings, and how to maximize your refund in 2025. While Americans may disagree on how the government spends their taxes, at tax time, many of us are looking for ways to pay no more than we owe — or even boost our taxrefunds. While approximately 96% of married couples file jointly each year, a joint return is not always the most beneficial option. Married Filing Separately status often requires more effort, but t...See full list on turbotax.intuit.comMany deductions exist that you may not be aware of, and several of them are pretty commonly overlooked. The deductions you qualify for can make a significant difference on your tax refund. State sales tax– Using the IRS's calculator, you can determine how much of your state and local sales taxes you can deduct. Reinvested divide...See full list on turbotax.intuit.comYou have until the filing deadline (unless it's delayed due to a weekend or holiday) to open or contribute to a traditional IRA for the previous tax year. That gives you the flexibility of claiming the credit on your return, filing early and using your refund to open the account. Traditional IRA contributionscan reduce your taxable income. You c...See full list on turbotax.intuit.comTaxpayers who watch the calendar improve their chances of getting a larger refund. Look for payments or contributions you can make before the end of the year that will reduce your taxable income. If you can, make January's mortgage payment before December 31 and get the added interest for your mortgage interest deduction. Schedul...See full list on turbotax.intuit.comTax creditsusually work better than deductions as refund boosters because they're a dollar-for-dollar reduction of your taxes. If you get a $100 credit, you get $100 off your taxes.
