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Sunday, 29 March 2026

How to shrink a tax bill or boost a refund

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Tax Day is approaching fast. Here are some last-minute things to check for a larger refund or smaller bill. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Sun Mar 29 2026

 

Medora Lee Money and Personal Finance reporter

Tax Day is fast approaching, with April 15 around the corner.

Hopefully, you're finished with your taxes and maybe even enjoying your larger-than-usual refund already. If not, you still have time.

Below are some tips to remember to either pay the least amount of tax if you owe or to get the largest refund possible.

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Gary C. Klein/USA TODAY NETWORK-Wisconsin, Gary C. Klein/USA TODAY NETWORK-Wisconsin / USA TODAY NETWORK via Imagn Images

Don't pay twice: For workers who cross state lines to earn a living, make sure you know the tax rules for both the state you call home and the state where you work. If you're not clear on what you need to do, you may end up paying taxes twice -- once to each state!
Act like an uber-wealthy person: Yes, you too, can do your taxes like a rich person and save money. Here are some tax maneuvers they, and you, can use to avoid taxes. Just be careful of donor advised funds.
Check if you're owed old refunds: Millions of Americans may be owed a refund from Covid. Here's what to know.
All income - including prizes - are taxable: Survivor winner Richard Hatch has been locked in a battle with the IRS over taxes for the past quarter century, but you don't have to be. Just make sure you understand what prizes, gifts and bonuses are taxed and how.
Don't be afraid to ask for help: Taxes are more complicated this year due to all the new tax laws. Don't be afraid to call in a pro. Or if you're determined to DIY, here's how to file free.

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Each weekday, The Daily Money  delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. 

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Christanine Brodis, 48, of Detroit talks on the phone with a representative from the Accounting Aid Society to help her file her 2020 taxes at her home on Feb. 13, 2021. Brodis lost her job as a personal home care provider and is struggling to get a tax refund from last year and she did not get one of her stimulus checks.    Tompor 021321 Kpm 1122
 

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