THE extended deadline to file your 2021 taxes is on October 17.
With just 12 days left, it’s important to remember that even small mistakes can mean a delay getting your money.
1. Wrong bank account number
Those electing to receive their tax refund by direct deposit could have their money within days.
But, if you put in the wrong account and/or routing number the Internal Revenue Service (IRS) will automatically send you a check in the mail instead, which could take weeks.
If you need your refund right away, its worth it to double and triple check that this information is correct.
2. Math errors
Even small math mistakes could misrepresent your income for the year.
It pays off to double and triple check each equation, no matter how seemingly minor.
Better yet, the IRS recommends filing electronically with a service that does this for you.
3. Incorrect filing status
Whether you are filing jointly or as Head of Household may seem obvious, but you should confirm that your status accurately reflects your situation.
If you are unsure, the IRS offers this online tool to determine which box to check.
4. Unsigned forms
Forms missing your signature will not count.
Couples filing jointly are especially prone to this mistake, not realizing that both spouses need to put down their signature for their filing to be valid.
This is another situation where filing electronically gives you a leg up, as electronic submissions cannot proceed without your e-signatures.
Other errors
Other common errors range from flubbed Social Security number submissions to mistaken tax credit requests.
The IRS has compiled an extensive list of errors they often see.
The Sun explains if your return qualifies you for a direct payment.
Plus, check out if you’re eligible for additional benefits.
Source: the-sun.com
