Helpful tips to know as tax deadline approaches

JACKSON, Tenn. — The tax deadline on April 15 is fast approaching and just about everyone gets stressed out about filing their taxes – especially now with tighter budgets.

One common mistake is not knowing what is available for you. For example, the lack of use for the earned income tax credit.

The EITC is a lifeline for many working families as it puts money back in the pockets of people who need it most. Additionally, the standard deduction is up again for 2025: $15,000 for singles and $30,000 for married couples.

These extra funds can help many families begin their investment journey.

Greg Clement, personal finance expert at CEO of Freedomology shares actionable tips to help maximize your 2025 tax refund:

“Start the income producing asset, but the goal is to create something that can pay you income that’s not a hundred percent dependent on you in the future. So again, real estate’s a great way. So, we’ve taught a lot of people how to make rental income from properties,” said Clement.

For many, the biggest mistake is not claiming their EITC. Around 20% of eligible people miss out because they don’t think they qualify.

Another common issue is treating it like free money. It’s not, it’s an opportunity. Put that refund into something that creates long-term value.

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