Thursday, March 7, 2013
Most Overlooked Tax Deductions
Every year, the IRS dutifully reports the most common blunders that taxpayers make on their returns. And every year, at or near the top of the “oops” list is forgetting to enter their Social Security number at the top of the tax form -- or making a mistake when entering those nine digits.
But think about it for a minute: Do you think that’s the most common mistake . . . or simply the easiest to notice? One thing we know for sure is that the opportunity to make mistakes is almost unlimited, and missed deductions can be the most costly.