Max out pre-tax retirement contributions, such as a 401(k), 403(b), or traditional IRA
Contribute to an HSA if you have a qualifying high-deductible health plan
Use an FSA for eligible medical or dependent care expenses
Claim all eligible tax credits, including the Earned Income Tax Credit, Child Tax Credit, and education credits
Itemize deductions if your itemized expenses exceed the standard deduction
Deduct mortgage interest, state and local taxes, charitable donations, and qualifying medical expenses if eligible
Keep records of work-related, business, and self-employment expenses
Track mileage, home office costs, and other deductible business expenses if self-employed
Harvest tax losses in taxable investment accounts
Hold investments longer than one year when possible to qualify for lower long-term capital gains rates
Adjust paycheck withholding to avoid overpaying during the year
Review filing status to ensure you are using the most beneficial one
Claim dependents correctly and make sure all eligible household members are included
Use tax-advantaged accounts for education savings, such as a 529 plan
File your return accurately and on time to avoid missing refunds and credits
Use tax software or a qualified tax professional to find overlooked deductions and credits