What common mistakes should I avoid when filing my taxes?

When filing taxes, there are several common mistakes that individuals should be aware of in order to ensure a smooth filing process and to avoid potential issues with the Massachusetts Department of Revenue. One significant mistake is failing to double-check personal information such as Social Security numbers, names, and addresses. Errors in this basic information can lead to delays and complications in processing your return. Another common error is overlooking income that must be reported. It is crucial to include all sources of income, whether from wages, self-employment, or investment earnings. Additionally, many taxpayers mistakenly claim deductions or credits that they do not qualify for, which can also lead to problems down the line. Having a thorough understanding of eligible deductions and credits is essential. Moreover, not keeping proper documentation can prove to be a mistake. Taxpayers should maintain records of income and expenses, as well as receipts for deductions claimed. This documentation can support your claims if you are ever audited. Failing to file on time, or not filing at all, is another mistake that can result in penalties and interest. Even if you cannot pay the full amount owed, it is important to file your return by the deadline. Lastly, many individuals may overlook the importance of signing and dating their returns. An unsigned return is not considered valid, which can lead to delays and complications. To avoid these mistakes, it is advisable to take your time when preparing your taxes. The current web page for the Massachusetts Department of Revenue can provide further information on filing procedures, deadlines, and resources to assist with tax preparation.