The easiest way to increase your refund is to adjust the amount of taxes that you have withheld on your paycheck via your W-4. If you increase the withholding and your income stays about the same each year, then this could increase your refund. You can use a W-4 Withholding Calculator to help you estimate what you should enter on your W-4.
Some other options include: reconsidering your filing status; maximizing your deductions; looking for potential credits; maxing out your IRA and HSA contributions; and, even the timing of some of your financial decisions can impact your refund amount. Review 5 Hidden Ways to Boost Your Tax Refund for more ideas.
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