JoannaB2
Expert Alumni

Deductions & credits

t depends,  There are plenty of reasons why you paid more taxes this year than previous years. Previously, you may had less income, more deduction, and claimed dependents than this year, or vice versa.  There are ways how to avoid paying more taxes on your income tax return:

  • Contribute to a qualified retirement plan such as 401K, 457, 403B, and many more.
  • Submit a new W4 to your employer to change your exemption
  • Max out your retirement, if you already participated from your employer