March 31, 1994
Errors to Avoid in Tax Season's Final Weeks
WASHINGTON - With just over two weeks left in this tax
filing season, the Internal Revenue Service offered advice on avoiding some common
mistakes often found on tax forms filed at the end of the filing season.
- Be sure the tax return is complete. Attach all W-2 forms to the front of the return and
include all other forms and schedules needed to report income or claim deductions.
- Use the correct standard deduction for your situation. People who are over 65 or blind
have larger deduction.
- Read the tax table carefully to get the correct tax for your filing status and taxable
income. Using the wrong income line on the table is a common error.
- Check all math, especially the subtracting to figure the refund or balance due. Make
calculations easier by rounding off cents to the nearest whole dollar: for example, $1.49
is rounded down to $1; $1.50 is rounded up to $2.
- Use the label from your tax package in the name and address block on the form. If you
don't have the package, be sure to use your correct social security number, street address
and ZIP code.
- If sending a payment, put your social security number, daytime phone number and
"1993 Form 1040" (or 1040A or 1040EZ) on the check or money order.
- Don't overlook tax benefits. For example, many eligible people fail to claim the earned
income credit, available for most workers with income under $23,050 who have a child. If
your income is below the filing requirement, but you are entitled to the earned income
credit, file a tax return with Schedule EIC and the IRS will send you a check for the
- Sign and date the return. When filing jointly, both spouses must sign, even if only one
Nearly 57 million returns had been filed as of March 25 -- 1.3 percent less than at
this time last year. Over 38 million refunds -- worth $39.7 billion -- have been
processed. At $1,033 the average refund is up 5.7 percent.
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