
List includes filing too early, math mistakes, not signing return.
LEARN HOW YOUR PLANNED GIFT CAN HELP THE AMERICAN LEGION
The Internal Revenue Service (IRS) reports that many taxpayers make simple errors on their returns. While those who file electronic returns tend to have fewer errors, there are still many taxpayers who improperly report their taxable income or incorrectly claim credits and deductions. The use of a tax preparer such as a CPA or an enrolled agent will help, but every taxpayer should understand how to avoid these common errors.
Filing Too Early While most taxpayers understand they should not file after the April 15, 2025 deadline (unless they have requested an extension until Oct. 15), it is also important to avoid filing too early. Taxpayers should ensure that the IRS has opened the filing period for the tax year they are filing for. Filing too early can be problematic as some taxpayers may not have received all their tax forms, such as Forms W-2, Forms 1099 or other required documents.
Wrong Social Security Number The IRS software will check your Social Security Number (SSN). It should be the same as the number that appears on your Social Security card.
Name Spelled Wrong Taxpayers must list their name on the tax return. Your name should match the information on your Social Security card or other valid government identification card.
Error in Income Taxpayers who manually enter their wages, dividends, bank interest or other income frequently make errors. All entries made should be carefully checked, as they are necessary to correctly calculate credits or deductions.
Incorrect Filing Status The Interactive Tax Assistant (ITA) on IRS.gov may be helpful if you are not certain about your filing status. Income-tax standard deductions and some exemptions will vary depending upon whether you are filing as a single person, a married couple or head of household.
Math Mistakes The most common mistake taxpayers make is an error in addition or subtraction. Taxpayers using online software and filing electronically will usually avoid these miscalculations.
Wrong Credit or Deduction The Earned Income Tax Credit (EITC), Child and Dependent Care Credit (CDCC) and Child Tax Credit (CTC) are complicated. The ITA may help determine eligibility for a specific credit or deduction.
Incorrect Bank Account Number Most taxpayers who file electronically have their refund sent to their bank account. However, they must correctly type the routing and account numbers to ensure the funds are sent to the proper place.
Unsigned Tax Return Taxpayers who file a paper return are required to sign it. A joint return must be signed by both spouses; a common mistake occurs when one spouse forgets to.
Note: Many of these errors are avoidable with the use of online software and electronic filing. If you use online software, it will check your return and avoid most of the common filing errors.
The American Legion’s Fund Development program is a way of establishing your legacy of support for the organization while providing for your current financial needs. Learn more about the process, and the variety of charitable programs you can benefit, at legion.org/plannedgiving. Clicking on “Learn more” will bring up an “E-newsletter” button, where you can sign up for regular information.
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