If your refund is consistently small—or if you owe money at tax time—you may need to update your W-4 form with your employer.
Claim All Eligible Tax Credits
- Tax credits reduce your tax liability dollar-for-dollar and can significantly increase your refund. Be sure to explore
- Earned Income Tax Credit (EITC) – For low to moderate-income earners
- Child Tax Credit – For families with qualifying dependents
- American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit – For education expenses
- Saver’s Credit – For retirement contributions
- Energy Efficiency Credits – For qualifying home improvements
Maximize Retirement Contributions
Contributing to a 401(k) or Traditional IRA can lower your taxable income and increase your refund.
Contributions made before the tax deadline (April 15, 2026, for the 2025 tax year) may still qualify.
Take Advantage of Above-the-Line Deductions
Above-the-line deductions reduce your adjusted gross income (AGI) and are available whether you itemize or not. Examples include:
- Student loan interest
- Educator expenses
- HSA contributions
- Self-employment tax deductions
Lowering your AGI can also help you qualify for other credits and deductions.
Don’t Overlook Itemized Deductions
If your itemized deductions exceed the standard deduction, you’ll get a larger refund by itemizing. Common deductions include:
- Mortgage interest
- State and local taxes (up to $10,000 SALT cap)
- Charitable contributions
- Medical expenses (exceeding 7.5% of AGI)
Track Business and Gig Economy Expenses
If you’re self-employed, keep detailed records of business expenses such as home office costs, internet, travel, and equipment. These deductions can significantly lower your taxable income—and boost your refund.
File Early and Electronically
Filing early reduces the risk of identity theft and allows quicker processing. Filing electronically with direct deposit is the fastest way to receive your refund.
Use a Tax Professional
The tax code is complex, and a qualified tax advisor can uncover credits and deductions you might miss on your own. At SK Tax Associates, we offer personalized tax planning to ensure you get the maximum refund you deserve.
Ready to Maximize Your Refund?
Contact SK Tax Associates today and let our experts help you file smarter, claim more, and get back every dollar you deserve.
