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Feb. 19, 2020, 8:26 PM UTC. Even though it’s still early to file your taxes, the sooner you crunch the numbers on your return, the better off you could be. The IRS issued more than 111.8 million refunds for the 2018 tax year, with taxpayers receiving an average payment of $2,869. This year could bring an even bigger windfall, for those who play their cards right by the April 15 filing deadline. Here are a few tax tips that could save you thousands:. Contributing as much as you can to your retirement — via, for example, an individual retirement account — is one of the best ways to reap a tax benefit. “By contributing to an IRA, you directly reduce your taxable income and save for your reti... Full story

21 February