By the time you hit 30, you likely have a good grasp on your taxes. You know about the 401(k) match, you take the Standard Deduction, and you file by April 15th. But what if we told you that you’re missing out on money? There are changes that every 30-something should be making as they become more established. The tax code is filled with nuanced rules that don’t apply to entry-level workers but become incredibly powerful for those with established careers, families, and investment portfolios.
Often, the difference between a good return and a great one comes down to knowing which levers to pull. And it’s not shady. These hacks are legitimate, codified strategies that most software won’t prompt you to use unless you ask. If you are just plugging in W-2s and hoping for the best, you are likely leaving money on the table. Here are seven tax hacks specifically for the over 30 crowd that you are probably missing.
