If you haven’t filed your 2018 tax return yet, now is the time to start putting everything together. Doing your taxes might feel like a chore—especially if you don’t turn to an accountant for help — but if you’re due for a refund, you’ve at least got something to look forward to at the end of tax season. Here are a few tips for securing the biggest return possible this year.

How to Maximize Your 2018 Tax Refund 

1. Consider Itemizing Deductions 

Since tax reform doubled the standard deduction to $12,000 for single filers and $24,000 for joint filers for 2018, many taxpayers will undoubtedly take it this year. However, itemizing your deductions — although it might be a bit more work — may allow you to bring home a bigger return, depending on your situation. Common items you can deduct are medical and dental expenses, investment interest, charitable donations, tax preparation fees, business expenses, real estate expenses, and disaster losses. If these costs total more than the standard, consider itemizing your deductions to increase your tax return. 

2. Max Out Your 401k

The IRS has increased the retirement contribution limits for employees. For 2018, you can transfer up to $18,500 — and $24,500 if you’re over 49 — to an approved account. These contributions are taken from your pre-tax earnings, and they’ll serve to reduce your total taxable income, as well, which could ultimately result in a bigger refund. The best part? You can make contributions for 2018 until April 15, 2019.

3. Deduct Applicable Education Expenses

Regardless of whether you take the standard deduction or itemize this year, you can deduct up to $2,500 in student loan interest for you, your spouse, or a child. Married couples who file jointly can apply this deduction if their adjusted gross income is less than $135,000. Single filers can take advantage of this deduction if they earn less than $65,000. 

An accountant who specializes in tax prep will ensure you take every last deduction that applies to your situation. For professional tax help, turn to the certified public accountants at JJR & Associates LLC in Fayetteville, GA. Serving individuals and businesses throughout the Greater Atlanta area, this firm strives to anticipate their clients’ needs so they can provide the most prompt, personalized, and comprehensive financial guidance possible. When you turn to them for tax help, they’ll show you how to maximize your refund for both the current tax year and all future returns. To explore all the services they provide, visit their website, or call (404) 437-7748 to discuss your needs with an accountant on their team today.