bigger refund

Forum|Forum|2 years ago
April 24, 2024
1 reply
4 views

hi i was wondering what i could do to get a larger refund next year

Ask the Experts - Refund II - April 2024

HollyP

Employee Tax Expert

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.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"