Best Tax Preparation Services in Burlington, NC

2023 Tax Credit-How to maximize your tax return? Each year comes to tax season, you may always have thoughts on your mind about how to maximize your tax return. As tax law changes per year, here are a few tips for how to reduce your tax liability. You may be eligible for tax credit if you have occurred one of the following activities: If you have installed “green” energy in your property: Skylights, insulation materials, energy saving lights, new hot water heater, new central air conditioner. The limit is up to $1,200 for each individual a year with a maximum of $600 per item. Solar panels or solar water heater equipment also can get up to 30% of credit for the qualified expenses. If you bought an electrical car, you may also get up to $4,000-$7,500 or 30% of the original price. In addition, you may end up paying less tax if your wages did not increase or the increase was less than a 7% inflation adjustment. Tax laws are constantly changing, there are many other credible ways to maximize your tax return, if you are having difficulty achieving your tax cut, please do not hesitate to reach out to our tax experts.