Here are the essential tax deductions and credits to know about for a bigger refund.
Category
🥇
SportsTranscript
00:00So the way that people can get the maximum refund possible is to make sure
00:04that they really understand their situation because taxes are super
00:08personalized and so are tax benefits so you want to know what applies to you. For
00:13instance you may be eligible for certain credits like maybe you, your spouse or
00:18one of your dependents has gone to college, you may be eligible for an
00:21education credit. Maybe you bought a home or you started a business. Let's talk
00:26about that for a minute. If you're a business owner you want to make sure
00:29you're taking advantage of every single deduction whether it's equipment for
00:33your business, expenses you've paid for a home office or certain retirement
00:39contributions can be deducted against your business income because you only want
00:43to pay tax on the amount that you know after you take out all of those what we
00:48call tax deductible expenses.