Avoid these common tax filing pitfalls

(Sponsored by JPMorgan Chase) – Filing your taxes is a dreaded task for most people, but it’s a necessary one. Making errors on your tax return can lead to financial headaches, potential legal issues, and unnecessary stress. To navigate the tax-filing process smoothly and avoid the most common mistakes, follow these tips: File on Time One of the most common mistakes taxpayers make is missing the filing deadline. The annual tax deadline in the United States is typically April 15. Filing late can result in penalties and interest charges. To avoid this, mark your calendar, set reminders, or consider filing an extension if you can’t make the deadline. Remember that an extension only gives you more time to file, not more time to pay any taxes owed. Related Stories Correct and Complete Information Accuracy is crucial when it comes to filing your taxes. Common errors include typos, miscalculations, and missing information. Double-check your Social Security Number, income and deduction information, and math calculations. A simple mistake can trigger an audit or delay your refund. Remember to Sign and Date It may seem like a minor detail, but forgetting to sign and date your tax return is a mistake that can...