7 Most Common Tax Mistakes

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

Every year, millions of tax returns are filed with mistakes... mistakes that can delay your refund... even cost you money. Want to avoid the most common?

Messing up at tax time can wreck a timely refund, cost you a penalty, or even result in an audit appearance. So if you are on your own, avoid common errors.

“Most common errors we see are having to do with Social Security numbers. Wrong number, no number, misplaced digit. Probably number two is having to do with the earned income tax credit, where people don’t compute it correctly.”
-Mike Dobzinski, IRS

Another common error? Math. One reason why if you’re going it alone, tax software makes so much sense.

Of course software can’t look over your shoulder to make sure you sign the check you’re sending in…and the return.

Here’s another potential mistake: using a simple form like an EZ, when a 1040A or 1040 would get you a bigger refund.

If you made less than $42,000 last year, there are thousands of places you can get your return prepared free. So paying a preparer could also be the wrong move.

And one final mistake: failing to file electronically:

“It’s faster, it’s more accurate, it’s convenient and for those that get refunds, and most people do, you’ll get your refund a lot quicker.”
-Mike Dobzinski, IRS

A lot of mistakes happen for the same reason: waiting till the last minute and rushing through the process. So the single best thing you can do for yourself is start early and take your time. Why make things more taxing than they have to be?

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Got a 401(k)? Here Are 2 Changes You Need to Understand

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,897 more deals!