About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:

11 Common Tax Filing Mistakes & Errors and How to Correct Them

By Kira Botkin

tax filing mistakes errorsIf you’re in a hurry to get your tax refund faster (and who isn’t?), make sure your tax return won’t be delayed by common mistakes.

There are a handful of common errors that the IRS regularly deals with.  These mistakes signal an immediate red flag and cause your refund to be delayed by weeks or months as the IRS tries to sort things out or asks you to re-file.

Especially if you file on paper, make sure to double-check these easily overlooked items.

1. Check All Social Security Numbers
Make sure all social security numbers that you enter for yourself, your spouse, and your children or other dependents are correct. This is the single most common error. Get out the individual social security cards if you have to, since this is one thing TurboTax can’t check for you.  If you’re doing it on paper, make those numbers as clear and easy to read as possible.

2. Use Your Own Name and Social Security Number
If you’re married filing separately, don’t put your spouse’s name on your return. Only put your own name and social security number.

3. Make Sure Names Are Updated
It’s important to double-check that the name of the person filing matches the name on the social security card.  For instance, if you have changed your name, you must file the name change with the Social Security Administration and get a new card. Otherwise, the federal government won’t have it on file.

4. Select Only One Filing Status
This is a very common mistake on paper returns, since online tax preparation software will only allow you to choose one.  If filing on paper, make sure you’ve clearly checked off which filing status you want.

5. Make Sure to Sign Your Return
If you are filing as married filing jointly, your spouse must also sign the return.  If this simple step is overlooked, your return will have to be re-filed and can be held up for weeks.

6. Double Check Current Tax Tables
Make sure you’re calculating the amount of tax due correctly – especially if you’re calculating by hand. Double check that you’re using the most up-to-date version of the tax tables and triple check your math.

7. Check for Earned Income Credit Eligibility
Eligibility for this credit is based off your income and income limits have risen each year. If you didn’t qualify last year, but were unemployed at any time this year, you might qualify. Also, if you have children in college, you may qualify since the tuition and fees deduction will reduce your adjusted gross income (AGI), and the Earned Income Credit is determined using your AGI. The same goes for any tax deductions for self employed freelancers and small business owners.

Note though, that you aren’t eligible to take the Earned Income Credit if you are under 25 or over 64, even if your income is low enough to meet the limits. The exception to this is if you have a qualifying child.

8. Check for Age Specific Deductions
If you checked off that you’re over 65, make sure you’re aware of the special instructions for taking the standard tax deduction. You’re generally able to claim a larger standard deduction. There is a worksheet in the 1040 instructions to help you figure it out.

9. Check Routing and Account Numbers
If you’ve requested for a direct deposit refund from the IRS, make sure you double-check the routing and account numbers for your bank account.  This is also a very common error, and easy to correct.

10. Make Sure You’re Eligible to Claim Dependents
When claiming qualifying dependents on your taxes, make sure that the dependents are actually able to be claimed. If they make any of their own money and support themselves, they may not be your dependent and may need to file on their own. Children who live with you may not be your dependents, for example, if they purchase their own food and clothing, and only receive a place to live and utilities from you.

11. File on Time or Get an Extension
And last, but not least, make sure you file on time by the tax filing deadline. If you think you might need more time to get your taxes together, you can file for a tax extension. This will give you until October to file your return. Keep in mind that an extension on filing the return doesn’t mean an extension on paying the taxes, so if you’re hoping an extension will give you time to come up with the cash, you’re better off simply calling the IRS and telling them you’re not able to pay right now. You can then work on getting some sort of installment plan set up with them. The last thing you want is the IRS coming after you for tax evasion fraud.

Final Word

Give the IRS a helping hand, and don’t be one of the millions of taxpayers whose returns have to be sent back because of minor errors. In return, they’ll thank you by sending you your refund as swiftly as possible!

Do you have any tips for accurately and easily filing your taxes? Are there any programs or methods that you think work well for fixing common errors? Share your thoughts in the comments below.

(photo credit: Shutterstock)

Kira Botkin
Kira is a longtime blogger and serial entrepreneur who enjoys gardening, garage sales, and finding stray animals. She lives in Columbus, Ohio, where football is a distinct season, and by day runs a research study for people with multiple sclerosis. She hopes that the MoneyCrashers team can help you achieve your goals and live a great life.

Related Articles

  • Gordon Maddox

    The best tip for paying income taxes is to end them completely and finance the government with the
    FairTax. No indiridual would have to file a return nor would any corporation.

  • http://pulse.yahoo.com/_32NIAA3CSH6XZ6M4FKCQNZUHNA Lucifuge Rafocale

    Are we even legally bound to filing income tax at all? I can’t find the IRS or anything about it being a law that you have to pay income tax…the IRS isn’t even a government organization…its private. I need to research the Constitutionality of this…

The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.
Close