There are many tax benefits you can take advantage of to lower your taxes (and potentially increase your tax refund as well!), and the best strategy will depend on your specific situation.

Strategies to lower your taxes

  • Take advantage of tax deductions: Tax deductions work to lower your tax by lowering your taxable income. You can choose to take the standard deduction, or if you have many expenses, to itemize your deductions. There are also other adjusting deductions for which you may qualify such as student loan interest and educator expenses.
  • Claim eligible tax credits: Tax credits work more directly than deductions by lowering the tax you owe rather than just your taxable income. Some tax credits are even refundable, which means they could result in a refund if any credits are left over after reducing your tax to $0.
  • Contribute to retirement or other tax-advantaged accounts: Another great way to lower your taxable income is by contributing pretax dollars to your retirement account or other tax-advantaged accounts, like an HSA (health savings account) or FSA (flexible spending account).

There are many things you can do to lower your tax, and you don’t want to miss a single one. Get every credit, deduction, and dollar you’re owed. Book your appointment to talk taxes with a pro today.

Sharon Brucker, CPA Senior Tax Research Analyst Published on: August 13, 2025

*This content is for general informational purposes only. It is not intended to be comprehensive and should not be construed as professional tax or financial advice for any specific individual tax situation. Taxpayers should always consult a qualified professional for individual guidance. This information constitutes a solicitation under the Treasury Department's Circular 230. Most offices are independently owned and operated.