10 common mistakes made by taxpayers who self-prepare their returns

1. Incorrect Social Security numbers: This can result in delayed processing and incorrect tax credits.

2. Mismatched names and addresses: This can cause problems with mailing correspondence and matching with government records.

3. Missing or incorrect forms: Failing to include required forms can result in incomplete returns and potential fines.

4. Miscalculating deductions and credits: This can result in underpayment or overpayment of taxes.

   
   
   
   
   

5. Failing to report all income: This can result in underpayment of taxes and potential fines for underreporting.

6. Overlooking tax law changes: Staying current with tax law changes can ensure accuracy and eligibility for tax benefits.

7. Neglecting to file state taxes: State taxes must also be filed in addition to federal taxes.

8. Filing incorrect tax status: Filing as the incorrect tax status can result in incorrect calculation of taxes owed.

9. Neglecting to sign and date the return: An unsigned or undated return is considered invalid and will not be processed.

10. Not seeking professional help when needed: Tax laws can be complex, and seeking help from a tax professional can ensure accuracy and minimize potential fines or penalties.