Beware of these tax errors
Wednesday, April 04, 2012
- Overstating charitable contributions. If you contributed to charities throughout the year, keep your receipts so you can calculate exactly how much you donated.
- Incorrectly deducting mortgage points. "Points" are charges that you may have paid in the process of getting a home mortgage. Visit www.IRS.gov to see if you qualify for a deduction.
- Excluding small interest payments, even for interest amounts of less than $10. An omission here can make the IRS think that you may have forgotten to declare other things.