Maximize Your Refund – Tax Credits & Deductions You Can Still Claim Before April 15

Tax season is in full swing, and the April 15 deadline is fast approaching. If you haven’t filed yet, there’s still time to make the most of your return by taking advantage of valuable tax credits and deductions available for the 2024 tax year.

Top Credits to Check Before You File

• Child Tax Credit (CTC): Worth up to $2,000 per qualifying child under 17.
• Earned Income Tax Credit (EITC): Designed for low- to moderate-income earners; eligibility varies based on income and family size.
• Foreign Tax Credit (FTC): For U.S. expats or those paying foreign taxes — helps avoid double taxation.
• Education Credits (AOTC or Lifetime Learning): Ideal if you or a dependent had qualified education expenses in 2024.

Key Deductions to Consider

• Standard vs. Itemized Deduction: Choose the greater of the two to reduce taxable income.
• Self-Employed Expenses: Home office costs, business supplies, travel, and internet for freelancers or gig workers.
• Student Loan Interest Deduction: Up to $2,500, even if you don’t itemize.

Before you hit submit, make sure to review your documents and run your return through these potential savings. A few minutes of double-checking could put more money back in your pocket.