Life Support - Tax Facts
10 Common Tax Bloopers
A Tax Fact from The Tax Institute at H&R Block
These typical mistakes are easily avoided with the amazing online tips and tools from the experts at H&R Block. Here's their list of 10 common tax return missteps:
To view other helpful tax information or listen to our Tax Fact podcasts, visit www.digits.hrblock.com
As always...everyone's tax situation is different, so be sure to consult a tax professional or financial advisor before making important financial decisions.
This Tax Fact is for educational purposes only and is not intended to be a substitute for seeking personalized, professional advice, nor is it intended to be used to avoid IRS penalties.
A Tax Fact from The Tax Institute at H&R Block
These typical mistakes are easily avoided with the amazing online tips and tools from the experts at H&R Block. Here's their list of 10 common tax return missteps:
- Social security numbers -- Incorrect, missing or don't match with the names
- Required documentation not attached such as W-2s, 1099s, etc.
- Return not signed
- Incorrect filing status recorded
- Math errors -- A math mistake, the IRS says, need not be a calculation error. It can be as simple as copying a number incorrectly, like reporting wages of $29,472 as $24,972.
- Incorrect or missing forms and schedules
- Use of standard deduction - When itemizing would have saved the taxpayer more money. Don't forget, the Government Accountability Office (GAO) estimates that over a half-million taxpayers could save by itemizing.
- Social Security -- Taxable benefits worksheet not completed
- Failing to claim credits or figuring credits in error - Typical examples include the child tax credit and earned income credit. Either the taxpayer does not understand credit eligibility or calculates incorrectly.
- Omitting income items
To view other helpful tax information or listen to our Tax Fact podcasts, visit www.digits.hrblock.com
As always...everyone's tax situation is different, so be sure to consult a tax professional or financial advisor before making important financial decisions.
This Tax Fact is for educational purposes only and is not intended to be a substitute for seeking personalized, professional advice, nor is it intended to be used to avoid IRS penalties.




