Easy Common Mistakes to Avoid When Filing Taxes

People with a tax return on paper are 20 times more likely to make a mistake that those who use e-file. IRS e-file is the most accurate way to file your tax return in 2015.    Here are eight common mistakes to avoid:

 

Easy Common Mistakes to Avoid When Filing Taxes

  1. Social Security Numbers (SSN) wrong or omitted.  Be sure to enter all SSNs on your tax return exactly as shown on your social security card.
  2. Incorrect. Names   Be sure to write the names of all those in your tax return as is displayed on their social security cards.
  3. Errors in marital status.    Some people select the wrong filing status, such as head of household instead of single. The Interactive Tax Assistant ,can help you choose the right filing status
  4. Mathematical errors.  Double check your math. For example, be careful when adding or subtracting or when using a form or worksheet to do your calculations. The tax preparation software does the math for you and will prevent errors that can occur on paper.
  5. Errors in the computation of credits or deductions.  Many taxpayers make mistakes when determining Tax Credits, Earned Income Credit for Child, Dependent Care and the Standard Deduction. For example, if you are 65 or older, or is blind, make sure to claim the higher standard deduction.
  6. Wrong bank account numbers.  You should choose the direct deposit of your refund. However, it is very important that bank routing numbers and account are correct in your tax return. The fastest and safest way to get your tax refund is to combine e-file with direct deposit. It may be a long process to recover funds that are sent to the wrong bank account.
  7. Forms without signatures or dates.   An unsigned tax return is like an unsigned check – it is invalid. Remember that both spouses must sign a joint return.
  8. Errors in the Electronic Submissions PIN.  When electronically must sign the return electronically using a Personal Identification Number (PIN). If you know the PIN that you used last year, you can use it now. Do not have it, you must enter your Adjusted Gross Income (AGI, for its acronym in English) of the federal income tax return for 2012. Do not use an AGI amount from the 2012 amended return or of a statement that has been corrected by the IRS.