You can maximize your tax refund in a few different ways. Some of the most common ways to maximize your tax refunds include: (a) itemizing your deductions, (b) claiming a tax dependent, (c) taking above-the-line deductions, or (d) contributing to your retirement plan. While these can maximize your tax refund, this might not be the best option for you. Paying your taxes in full is a necessity, but you don’t have to pay more than you actually owe. If you do so, you’re essentially giving an interest-free loan to the government. If you’ve noticed you’ve been getting huge tax refunds, consider tweaking your W-4 form.