It’s the time of year at EVS Auto Group where many shoppers are showing up with a check in hand, having recently received their tax returns. Still other drivers are forced to put off their purchase, due in large part to common tax mistakes that can be easily avoided. But what are these mistakes? Here are four common tax mistakes; don’t find yourself waiting for returns by making them!
Four Common Tax Mistakes
Not Signing Your Return
This probably seems like such a simple error to make, but it’s surprisingly common. Many tax-filers don’t finish the job by signing on the dotted line, but just like a check that isn’t signed, tax forms are not valid without a signature. Also, if you’re filing jointly, two signatures will be needed.
This can often be a problem for parents who are claiming their children as dependents, and don’t know their children’s social security number off the top of their heads. Additionally, we also might put in incorrect dates or misspelled names, particularly if this information isn’t something that we regularly jot down.
Read More: Getting a Car Loan When You Have Bad Credit
Checking the Wrong Filing Status or Making Mistakes on Deductions
This is a common mistake that is made in the wake of a divorce, when parents don’t know who is legally allowed to claim the children. Additionally, filers might either claim deductions that they aren’t qualified for, or might miss out on others that they do qualify for. The best way to keep this from happening is to speak to a tax professional.
According to the IRS, those among us who use a pen and paper to file (instead of e-filing) are twenty times more likely to make a mistake. If you don’t believe that this is worth the trouble, or would like your return sooner than later, we encourage you to check your math very thoroughly.
Once your return is complete and without errors, we encourage you to pay us a visit at EVS Auto Group. We have a long lineup of new models from a variety of automakers, and we’d love to schedule your test drive!