A Tax Tip from The Tax Institute at H&R Block

You may have requested and received an extension to file your 2008 return, but don’t let these common mistakes negatively impact your return because you’re in a hurry. Here’s a list of list of 10 common tax return missteps to avoid:

1. Social security numbers -- Incorrect, missing or don't match with the names

2. Required documentation not attached such as W-2s, 1099s, etc.

3. Paper-filed return not signed

4. Incorrect filing status recorded

5. Math errors -- A math mistake, the IRS says, need not be a calculation error. It can be as simple as copying a number incorrectly, like reporting wages of $29,472 as $24,972.

6. Incorrect or missing forms and schedules

7. Use of standard deduction – When itemizing would have saved the taxpayer more money. Don’t forget, the Government Accountability Office (GAO) estimates that over a half-million taxpayers could save by itemizing.

8. Social Security -- Taxable benefits worksheet not completed

9. Failing to claim credits or figuring credits in error – Typical examples include the child tax credit and earned income credit. For 2008, individuals should complete the Recovery Rebate Credit worksheet to see if they are entitled to an additional credit.

10. Omitting income items

This Tax Tip Article is brought to you by The Tax Institute at H&R Block.

To view other helpful tax tip information, visit the H&R Block Community, Digits, at www.digits.hrblock.com

As always...everyone's tax situation is different, so be sure to consult a tax professional or financial advisor before making important financial decisions.

This Tax Tip Article is for educational purposes only and is not intended to be a substitute for seeking personalized, professional advice, nor is it intended to be used to avoid IRS penalties.