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Many tax professionals can attest that one common tax mistake many retirees make is taking the standard deduction on autopilot. The standard deduction for the 2025 tax year is $15,000, or ...
Here are some of the most common mistakes that taxpayers make on their returns and things you should triple check before filing. ... Taxes 2023: Common Mistakes You Want To Avoid as the Tax Filing ...
Your W-2s and 1099s are likely making their way to your mailbox or inbox right now -- but as you start filling them out, beware these costly mistakes.
Every tax season, the IRS comes out with various warnings and reminders to taxpayers about how to avoid problems with their filings. Usually, this is in response to common mistakes that taxpayers...
Math errors are among the most common tax mistakes, especially when completing your taxes by hand. Even with online software, numbers can be input incorrectly. Be sure to take your time and double ...
The Internal Revenue Service (IRS) requires anyone 73 or older to take the required minimum distribution (RMD) from tax-deferred retirement accounts. This includes IRA and 401(k) accounts.
Here are easy ways to avoid some of the biggest tax mistakes. Eduardo Jovel holds his tax return at the Community Economic Development Center in New Bedford, MA. (Credit: ...
As a result, it's easy to err when it comes to filing your forms, and thousands of Americans make these common mistakes every year. Check this list twice to make sure you're not among them: 1.