With this year's tax deadline looming (April 17, FYI), many of us are scrambling to get our documents in order. And nothing can ruin those Saturday vibes faster than having to hunt for misplaced receipts. While filing your taxes is never fun, getting a big fat tax refund certainly is! So here are five 2018 tax hacks to get the biggest return.
Perhaps the smartest thing you can do come tax time is to file early — resist the urge to procrastinate until the last minute. That's because the sooner you file, the sooner you can (potentially) get a refund, and the sooner that refund money can go to work for you, explained Money Tips. Plus you'll have time to ask questions if you're unsure of how to handle certain fields.
If you opt to get your tax refund as a direct deposit, it can seem kind of crazy to all of a sudden see a sizable chunk of cash in your bank account. But it makes sense to skip the spring shopping spree, especially if you accumulated some credit card debt over the last year. "If you receive your tax refund soon you can pay down your debt earlier and eliminate some of the interest charges," explained U.S. News & World Report.
So what are some things you can do to maximize the size of your tax refund? Here are five tips to get the most back from Uncle Sam!