Generally, no. You may be able to take steps to avoid triggering a tax refund. This would have been easier if it was still 2016. Here are a few ways that taxpayers may try to do this:
- Defer tax benefits (such as deductions, credits) to later years. For example, this may include electing to capitalize and depreciate or amortize property rather than deduct the expenses for the property immediately,
- Electing to forego loss carrybacks,
- Intentionally paying some expenses after the close of the tax year,
- Accelerating the receipt of income or gains to earlier years, possibly by selling an asset for a gain or earning more money.
For next year, you might adjust your withholdings.
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