8 Mistakes to avoid while filing taxes
Wednesday, September 16th, 2009The extension period for tax filings would end on October 15th, 2009. Though a large number of people have filed their tax returns within April 15th, 2009, some of us would be filing within this extension period. Tax filings can be quite hectic and a small error will lead to the loss of your deductions or credit. So, what are the common mistakes you should avoid while filing tax returns? Just, check it out:
- Filing Status – Lots of people face problems due to the error in their filing status. You should check only one filing status on the tax return. Apart from this, you should check the appropriate exemption boxes.
- Triple direct deposit – Taxpayers can get their refund directly deposited into three accounts. It’s really a good way to save your refunded money. However, the more numbers you enter on a tax form, there are chances that you enter them in a wrong way. If you give a wrong account number, you would lose your refund money.
- Calculations – Take care when you calculate your taxes. Make sure that you double-check all figures on your return so that there are no mistakes when you calculate. Use a calculator and double check the numbers. You can even use a tax software program to file your tax return. This will help reduce your math errors.
- Tax Table – If you’re using the IRS tax tables, use the correct column for your filing status. If you are using the wrong tax table, you will face problems in the long run.

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