5 Common Tax Mistakes To Avoid - Stark Federal Credit Union

5 Common Tax Mistakes To Avoid

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.

Your Turn: Know of any other commonly made mistakes when it comes to filing taxes? We’d love to hear about it!

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