HOH Filer

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PiggyBank
PiggyBank Member Posts: 1 Newcomer
edited January 15 in General

I file HOH every year, I have 2 kiddos, ages 3 and 13. How can I maximize my refund? I claim myself, and kiddos throughout the year.

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  • AlexO
    AlexO FreeTaxUSA Agent Posts: 74
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    Hello, PiggyBank!

    That is a great question!

    To maximize your refund, you may want to look into increasing your retirement plan and HSA contributions, as these contributions can decrease your taxable income. You may also look into purchasing an EV or making energy-efficient home improvements as you may be eligible to claim a credit for these purchases.

    Lastly, be sure that when you file your return, you enter all itemized deductions you have, such as home mortgage interest payments, contributions to charities, real estate taxes paid, etc. FreeTaxUSA will automatically select the higher of your standard or itemized deduction.