Banking on a big tax refund? Write-offs play a crucial role.

January 30, 2024
1 min read

TLDR: Tax write-offs are an essential part of getting a big refund, according to Mark Steber, the chief tax information officer for Jackson Hewitt. Steber advises taxpayers to slow down and take stock of everything when filing their tax returns to ensure they don’t overlook any lucrative write-offs. The Earned Income Tax Credit, deductions for self-employed individuals and small business owners, home office expenses, and shared custody issues are commonly overlooked write-offs. Steber also emphasizes that the IRS will not automatically notice and fix any missed write-offs, so it’s crucial for taxpayers to claim them correctly.

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