PITTSBURGH — Many people were caught off-guard last tax season as the average refund was about $40 lower than in previous years.
“People got surprised by their refunds. They weren’t as big as they thought they were going to be,” said Kathy Pickering, Chief Tax Officer for H&R Block.
You can customize your WPXI News App to receive alerts for news stories. CLICK HERE to find out how.
Pickering said people should consider changing their W-4, especially if they’re expecting big changes in 2020. She said now is a good time because many people are already starting to think about their 2019 tax returns.
“Your W-2′s are coming in, in the mail. Maybe, you’re starting to get some bank statements with that year-end tax information,” she said.
Tax experts also urge people to file their taxes as soon as possible to prevent hackers from filing a return in your name.
CLICK HERE for more tips from H&R Block ahead of tax season
Some other tips from H&R Block:
- Contribute to a Health Savings Account
- Bundle medical expenses
- Make charitable donations
- Maximize your contributions to your IRA
- Make education savings plan contributions
- Prepay your mortgage or property tax if you’re able
TRENDING NOW:
© 2020 Cox Media Group