Avoid these mistakes on your tax return

Lady using a computer

(ARA) — According to the IRS, the average American spends approximately 12 hours preparing a Form 1040 income tax return. With so much time invested, the last thing you want to do is make a mistake on your tax return – especially one that delays your refund.

Fortunately, several of the most common mistakes made on tax returns are simple in nature. For instance:

You can prevent a lot of errors like these by simply not rushing, says TaxACT spokesperson Jessi Dolmage. "Prepare your return when you have the fewest distractions. If you're interrupted, stop and come back to your return later, or even the next day. You don't have to do your taxes in one fell swoop.

"Another easy way to avoid these types of errors is to use a tax preparation solution," states Dolmage. "Online and download solutions like TaxACT allow you to import information from last year's return, which reduces the chance of mistyping key information. The programs also provide step-by-step guidance while completing the forms and math for you, and they check your return for errors and missed opportunities."

Regardless of how you prepare your taxes, print and review the information on your return before filing. When you're ready to file, e-file your return. Unlike paper filers, you'll receive confirmation when the IRS receives and processes your return. Combined with direct deposit, you can have your refund in as few as 7 days.

Dolmage adds that the IRS won't send you a notice for overlooked tax breaks. Software solutions like TaxACT help you take advantage of all your tax breaks. If you're not using software, watch out for these tax credits (a direct reduction of your tax liability): the Child Tax Credit; the Child and Dependent Care Credit; higher education credits; the Saver's Credit; and energy-saving credits.

For tax return information, visit www.irs.gov. Learn about TaxACT products, including its Free Edition that allows everyone to prepare and e-file their federal return free at www.taxact.com.

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Upcoming Tax Dates

October 10 (Employees who work for tips)
If you received $20 or more in tips during September, report them to your employer - Details

October 13 (Everyone)
Federal Holiday (Columbus Day) - Details

October 15 (Individuals)
If you have an automatic 6-month extension to file your income tax return for 2013, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due - Details

October 15 (Partnerships)
Electing large partnerships: File a 2013 calendar year return (Form 1065-B). This due date applies only if you were given an additional 6-month extension - Details

View More Tax Dates