Today is a tax-season milestone. There's just one week left until your 1040 is due.
Yep, you've put off filing for 14 weeks. While you've been enjoying all this time tax-free, a major problem with delaying filing until the last minute is that when you do finally get around to filling out the paperwork, you might be in such a hurry that you make a costly mistake.
To help you avoid that, here are 10 common tax errors to be on the lookout for:
- Entering the wrong account in connection with direct deposit of your refund.
- Claiming the wrong hybrid credit.
- Not counting all your charitable contributions.
- Missing out on the PMI deduction.
- Overlooking unearned income.
- Making math miscalculations.
- Misentering or forgetting Social Security numbers.
- Ignoring IRS mailing material.
- Forgetting signatures.
- Missing the filing deadline.
Details on each of these errors can be found in this story I wrote for Bankrate.
Some other bloggers also offer their takes on common tax mistakes:
- Millionaire Money Habits lists five filing mess-ups.
- SamaraK looks at some errors the IRS says it always sees.
- ETL Technical Expertise has five more mistakes that show up on a lot of returns.
So even though time is short, slow down a bit so that you don't end up making one of these mistakes and costing yourself in the process.