As tax season comes around again this year, you may find yourself slightly more stressed. Whether you’re expecting a refund or not, your taxes must be filed, and they must be done so properly. 

Some of us have quite simple returns, while others are more complicated by business ownership, working in different states or countries, or itemized deductions. At the end of the day, there are numerous mistakes that anybody can make on their tax returns. Today, we will discuss a few of the most common tax filing errors and how to prevent them

If you would like your taxes filed by a Boston professional CPA so you can avoid these mistakes and ensure you get every possible tax break, contact Mood CPA today.

Missing the Deadline

One of the most common mistakes that someone can make is not filing their taxes early enough and missing the deadline. It’s easy to procrastinate and not realize how much time has gone by; all of a sudden it’s past the deadline for filing your taxes and yours are still sitting in your to-do pile. 

It happens, we all avoid some of our less than favorite tasks. We set something aside for later, and before we know it months have passed. If you’re worried that you might forget to file your taxes until it’s too late — set a reminder on your calendar. Choose a date and time when you know you won’t have any other obligations and schedule that time for you to file your taxes.

Providing Incorrect or Incomplete Personal Information

Whether you’re filling out a paper tax return or filing online, it is extremely important to proofread your work before you submit it. Entering incorrect information is one of the easiest mistakes to make. You could accidentally put an answer in the wrong box or forget to fill one in completely —it happens to people every year. 

Before you seal the envelope or hit the submit button, double-check your work. Ensure that everything is spelled correctly and in the right box. Also, make sure that you don’t leave anything blank.

Filing Under The Wrong Status

When you file your taxes, your deductible is determined by your filing status. For example, someone filing single will have a different deductible than someone who is married. And for those that are married, it’s important to understand that there are different deductions depending on whether you’re filing jointly or separately. It’s important to understand which filing status is right for you. 

If you are unsure of your filing status or have any other questions about filing your taxes, contact Mood CPA in Boston for answers and a free estimate.

Math Errors

This applies mostly to people who file using a paper form. Taxes can be confusing — you have to take a number from one box and multiply it by another and then the answer goes into another numbered box. Mistakes in math happen all the time. The best way to prevent this is to double-check your numbers, file online where the tax software will do the math for you, or hire a licensed, reputable CPA to file your taxes.

Missing a Tax Break or Credit

If you are filing your own taxes, chances are you may miss a tax break or credit. Everyone cannot be up-to-date on the breaks and credits available, and if your situation has changed at all from last year, there may be breaks or credits that you didn’t qualify for in the past, but now do. 

The best solution to ensure that you don’t miss any tax breaks or credits is to have your taxes filed by a professional. Online software may help explain some of them, but there is no substitution for a licensed, experienced CPA who knows all the ins and outs of tax credits and breaks. If you want the biggest possible refund, a CPA may be the way to go. 

Providing Incorrect Routing or Account Numbers

Once your taxes are almost done, if you’re getting a refund through direct deposit, it’s time to enter your bank account and routing numbers. These are both lengthy numbers that can easily be switched around. The problem is, the government isn’t going to actively seek you out to give you your return if you enter these numbers incorrectly. We cannot stress enough, make sure that your banking information is correct if you want your refund in a timely manner. 

Ensure You Get the Biggest Refund Possible

If you want to avoid these mistakes and ensure that you get the biggest refund possible — hire Mood CPA to file your taxes. We can file your local, state, and federal taxes all at once, and we handle all different types of tax situations and IRS problems. Contact Mood CPA today to get your taxes filed quickly and get your refund on the way.