Avoiding tax return mistakes should be your top priority. The IRS has announced a bunch of tips that could help you reduce processing delays. In this way, you could get your tax refund money without delays.
First of all, gather all the tax-related paperwork you may have. Key documents will be necessary when you are filling out your tax return. The IRS highlights Forms W-2 and Forms 1099.
If you qualify for IRS tax credits or tax deductions, submit any evidence you may have to prove it. Do not forget about the 2022 tax return documents you may have if you had to file in 2023.
CHOOSE IRS FREE FILE OR THE E-FILE SERVICE
Electronic filing is the best way to send your tax return. In this way, you could receive your money faster if you request a direct deposit rather than a paper check.
The Direct File Pilot is another great alternative if you have not filed yet. The main disadvantage is that not all taxpayers are eligible for Direct File because it is a pilot in just 12 States.
The IRS insists that making mistakes with electronic filing is less likely. Reducing math mistakes will grant you a faster tax refund payment. Otherwise, the Internal Revenue Service will have to review your case.
IS YOUR FILING STATUS CORRECT?
If you have never filed, or if you are not good at it, hire a tax professional to do it for you. Another possibility is to use the Interactive Tax Assistant to help you choose the correct filing status.
the IRS recommends double-checking Social Security Numbers, birthdates, and full names. ITIN (Individual Tax Identification Number) may also be necessary in some case, so check it is the right number.
Report all your taxable income, answer the digital assets question which many submit unanswered, and check the banking routing and account numbers are yours and the right numbers. Finally, all filers must sign it and date it. Keep a copy of that return for the next return.