March 31, 2025 - 23:25
With the tax deadline approaching, it's crucial to be aware of common pitfalls that can affect your tax refund. Financial expert Jason Brown recently shared insights on the frequent mistakes individuals make when filing their taxes. One of the most prevalent errors is failing to double-check personal information, such as Social Security numbers and bank account details, which can lead to delays or misdirected refunds.
Another common mistake is overlooking deductions or credits for which taxpayers may qualify. Many individuals miss out on potential savings simply because they are unaware of available tax benefits. It’s essential to stay informed about the latest tax laws and ensure that all eligible deductions are claimed.
Lastly, submitting tax returns without proper documentation can result in complications. Keeping organized records and receipts is vital for substantiating claims and avoiding issues with the IRS. By being mindful of these common mistakes, taxpayers can help ensure a smoother and more efficient refund process this tax season.
