The Fox News Rundown Evening Edition: Getting The Most From Your Tax Credits And Breaks
Feb 7, 2026
Paul Miller, CPA and managing partner at Miller & Company LLP, brings practical tax planning and preparation know-how. He discusses why starting early matters. He covers what paperwork to gather, eligibility for Earned Income and education credits, self‑employed deductions and retirement strategies, and choosing standard versus itemized deductions.
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Pay What You Owe By April 15
- If you owe taxes, pay what you can by April 15 to avoid penalties and interest.
- File early only if you have all forms like K-1s and 1099s to avoid delays and surprises.
Use An Accountant Organizer
- Use an organizer from your accountant to compare last year's return and highlight missing items for this year.
- The organizer guides you on what to gather and asks targeted questions to avoid omissions.
EITC Is Generous But Highly Scrutinized
- Earned Income Tax Credit targets lower-income workers and has strict documentation and scrutiny.
- Paul Miller avoids preparing many EITC claims because the IRS heavily examines them.