Tax Filing Errors Whitepaper

Our extended tax season is coming to a close, bringing a time of paperwork and planning to millions of Americans.
In 2017, the Tax Cuts and Job Act (TCJA) became law, vastly changing the U.S. tax system.1 In addition to navigating how the landscape may affect you financially, another tax priority to keep on your radar is attempting to avoid errors when filing.

Navigating the U.S. tax system can be challenging. Knowing how you need to file depends on your income and filing status as well as which tax breaks you can claim.2 Your taxes are your responsibility, even if someone assists you in filing them.

As you prepare your taxes, here are some common filing errors to avoid. Keep in mind this white paper is for informational purposes only. It’s not a replacement for real-life advice, so make sure to consult your tax, legal, and accounting professionals before modifying your strategy. But remember, tax rules are constantly changing, and there is no guarantee that the treatment of certain existing rules will remain the same.