maximize your tax refund

3 Ways to Maximize Your Tax Refund

Paying Taxes

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.

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