Your W-2 is either already in your hands or on its way to your home, either way, it is time to get your tax documents in order. A recent IRS analysis says that roughly 20% of Americans eligible for key tax breaks, like the Earned Income Tax Credit or Retirement Credits, fail to claim them each year. Others question whether or not they should be itemizing benefits or taking the standard deduction.
FOX’s Tonya J. Powers speaks with Paul Miller, of Miller & Company LLP, who says when you are unsure how to maximize your benefits and deductions, you should ask a professional, and he also shares his best tips on what not to forget to claim.
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