How to Maximize Your Tax Return in 2024 As tax season approaches, maximizing your return should be a priority. With new tax laws and deductions available, here are some expert tips to ensure you get the most out of your 2024 tax filing. 1. Claim All Available Deductions Take advantage of standard or itemized deductions based on your expenses. Deduct medical expenses, charitable contributions, and mortgage interest. Self-employed? Don’t forget home office and business-related deductions. 2. Max Out Retirement Contributions Contribute to your IRA or 401(k) before the deadline to lower taxable income. Consider a Roth conversion for tax-free withdrawals in the future. 3. Leverage Tax Credits Earned Income Tax Credit (EITC) and Child Tax Credit can significantly reduce tax liability. Education credits like the American Opportunity Tax Credit can offset tuition costs. 4. Report Side Hustles & Gig Income Smartly Keep records of all business-related expenses for deductions. Use tax-a...