5 Big Tax Mistakes to Avoid

Tax season can feel overwhelming, and it’s easy to make mistakes that could lead to IRS issues, penalties, or missed refunds. Avoiding these common errors can help you file confidently and accurately.

1. Failing to File a Tax Return
Even if you don’t owe taxes, you still need to file. Failing to file can lead to penalties and interest—and if you’re owed a refund, you won’t receive it unless you file a return.

2. Not Reporting All Income
The IRS receives copies of every W-2 and 1099 you get. If you leave any income out, it won’t go unnoticed. Not reporting income can result in fines, penalties, or an audit.

3. Filing the Wrong Form
Using the incorrect tax form can delay your return or lead to errors. For example, self-employed individuals must file different forms than employees. Be sure you’re using the correct form for your situation.

4. Forgetting Deductions or Credits
Overlooking eligible deductions and credits means you might pay more than you owe. Common missed items include:

Charitable donations

Student loan interest

Medical expenses

Education credits
Check carefully—or ask a tax pro—to make sure you’re getting everything you’re entitled to.

5. Making Inaccurate Estimated Payments
Paying too much in estimated taxes means waiting on a refund. Paying too little can result in IRS penalties. Calculating your estimated tax payments correctly is key to avoiding both problems.

The Bottom Line
Avoiding these five tax mistakes can help ensure your return is accurate, timely, and stress-free. If you’re unsure about your situation, Walker Tax Relief can guide you through the process and help you avoid costly errors.

Taxes are complicated. But filing them doesn’t have to be.