New York :
Always double-check your details before submitting the form to the IRS.
Photo: OLIVIER DOULIERY / . / .
For many people, it can be very overwhelming and difficult to do their taxes for the first time. And being burdened with filling out these forms can increase the chances of mistakes.
Therefore, it is important that you pay close attention to this process and do it very carefully. To help you, here are some of the most common mistakes first-time taxpayers make.
1 – Submit your statement on paper
It has been found that people who fill out paper forms are 20 times more likely to make a mistakeAs reported on Yahoo, so you’d better try to fill the digital format.
2 – Enter the wrong social security number
This may seem like a small thing, but it is an essential step. Have your Social Security card handy and double check your Social Security number is spelled correctly before submitting your application.
3 – Enter the wrong marital status
You must write the correct marital status to make your declaration and so you know how much of the standard tax deduction you can claim and what tax benefits you could qualify for.
4 – Get the accounts wrong
This error is very frequent, and it is very easy to make mistakes with the numbers. So go over your calculations a couple of times to make sure everything is okay.
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