Tax Season is upon us and it's all too easy to make simple errors that can cost you big on your tax return. Here are the five common tax mistakes to avoid while filing your taxes:
1. Faulty Math
A small miscalculation can throw off all your numbers and get you into trouble with the IRS.
2. Name Changes and Misspellings
If you’ve recently changed your legal name, let the Social Security Administration know.
3. Omitting Extra Income
If you’ve taken any side jobs during the year, fill out a 1099-MISC and file it along with your taxes.
4. Recent Tax Law Changes
When preparing your taxes, be sure to file according to the most recent laws.
5. Signing Your Forms
If filing the old-fashioned way, put your signature wherever required. If filing online, you can use a PIN instead.
