Top 10 Common Tax Filing Mistakes and How to Avoid Them

Filing taxes can be complex and daunting; even the most careful taxpayers can make mistakes. Understanding these common errors can save you time, money, and unnecessary stress. Here are the top 10 tax filing mistakes and tips on how to avoid them.

1. Incorrect or Missing Social Security Numbers: This is one of the most common errors on tax returns. Ensure that you enter the correct Social Security numbers for yourself, your spouse, and your dependents precisely as they appear on the Social Security cards.

2. Math Errors: Math mistakes are easy to make but can lead to significant processing delays. Double-check your calculations or, better yet, use tax software that can automatically handle complex calculations.

3. Filing Status Errors: Choosing the wrong filing status can affect your tax liability. Understand the different statuses (Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Widow(er) with Dependent Child) and choose the best fit for your situation.

4. Forgetting to Sign and Date the Return: An unsigned tax return is like an unsigned check — it’s invalid. Make sure to sign and date your return. If you’re filing jointly, your spouse also needs to sign.

5. Incorrect Bank Account Numbers for Direct Deposit: If you opt for a direct deposit refund, a wrong account number can delay or send it to the wrong account. Double-check your bank routing and account numbers.