These 13 Tax Breaks Can Save You Money — Even If You File Last Minute

Maica/Getty Images

This story is part of Taxes 2022, CNET’s coverage of the best tax software and everything else you need to get your return filed quickly, accurately and on-time.

Your federal taxes are due on April 18. Yes, Monday. If you haven’t yet filed, there’s still time to take advantage of common tax deductions and credits to ensure you get the biggest refund possible. Don’t pay more than you’re required to — from the expanded child tax credit to student loan interest deductions, there are many tax breaks you might qualify for that reduce your tax bill or maximize your tax refund.

While the best tax software can help you find any eligible tax deductions and credits, it’s a good idea to go into your return already aware of the tax breaks you qualify for. Read on to learn about the 13 biggest tax deductions and credits for 2021 and their eligibility requirements.

Note these tax breaks are focused on taxpayers who are wage earners and not self-employed — freelancers and small business owners have their own set of tax breaks.

The right tax software can help you find eligible tax…

Read complete post here:
Source link