2007-01-23 09:11:13 · 2 answers · asked by dizzy22 3 in Business & Finance ➔ Taxes ➔ United States
You get the maximum refund by giving the IRS too much money to start with. To minimize the amount the IRS keeps, we need a better question.
2007-01-23 11:04:00 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
It ain't easy to get a large refund without kids, unless you are having a crazy amount of federal withheld. Here are a few credits that might (hopefully) include you.
There is a Telephone Excise Credit (for you, it would be $30, if you've paid for long distance charges between 2003-2006)
Education credits - did you take any classes in 2006?
Student interest deduction - are you repaying student loans?
Schedule A - Do you own your own home? If so, you may be able to itemize instead of taking the standard deduction.
Do you have a 401k? Depending on your income level, you may get a savers credit for doing so.
Open up a traditional IRA before April 15th. You get a tax deduction for doing so.
2007-01-23 18:40:52 · answer #2 · answered by Fool in the Rain 6 · 0⤊ 1⤋