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10 Tips for Getting the Biggest Tax Refund

        Money | Taxes

10
Increase Withholding

If you're employed full time for a company, one of the first things you did when you were hired was fill out IRS tax form W-4. The information you provide on the W-4 determines how much money is withheld from your paycheck each pay period and paid toward your personal income taxes. The calculation is based on the number of exemptions you claim. The more exemptions you claim, the less money is withheld for tax purposes.

If your goal is to increase the dollar amount you receive in your tax refund, you can go to the human resources department and request to change your W-4 tax form. When you reduce the number of exemptions on that form, then a larger amount of money will be withheld from your check each payday. Your tax refund will therefore be larger. The times of year you're allowed make this change are dependent on your company's policies, but generally, it may be made any time of year.