According to IRS report, a full 20% of eligible Americans overlooked an average tax break worth of up to $6,318 each year. Millions of Americans completely overlooked a tax bonus, which is free money left on the table up for grabs.
Tax Return preparation can be very confusing, daunting and downright stressful; in the process, you might miss a handful of “tax tricks” that could have helped you save thousands of dollars.
Consider our tax system is a very complex one that as a regular taxpayer, you do not have much time to learn these tax tricks with your very busy day-to-day living. It is to your advantage to know how to get the most of the tax refund legally without raising the red flag. Bring this “tax tricks” to your tax preparer when you file your income tax return to maximize your tax refund.
This report is a compilation of all allowable techniques that will maximize your tax refund. Please take note however that these are in summarized form to give you ideas on how to apply these tricks to maximize your tax refund. Please do not hesitate to send a note or ask a question or two for more elaboration on a given topic stated below.
