Waiting for a big tax refund is an exciting time. But while you are distracted thinking of how you’re going to spend your extra cash, someone else is thinking of ways to scam you. Every year, the IRS comes out with a list of the worst tax scams called the “Dirty Dozen.” Read our guide below on everything you need to know about them and how to avoid them.
As of January 26, 2018, you can file your paper or electronic tax return with the IRS. The deadline isn’t until April 17, 2018, but there are many benefits to filing your tax return early, including the possibility of receiving a larger tax refund. Not convinced? Check out this list of benefits of filing early.
If you’ve procrastinated until the last minute on filing your taxes, you’ll likely be hurrying to get through them. The more quickly you move, the more likely you are to make mistakes, so be aware of the nine most common listed below. Avoiding mistakes will ensure that your tax refund isn’t delayed and that you don’t have to do extra work after you file. The keys are to double check all of your work and if you’re not sure of a number or name, compare it to official paperwork before submitting.