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Tax Tips for Procrastinators: The Top 8 Last-Minute Filing Blunders

Taxes are due - filing tipsHaste makes waste: It's an adage that best describes the fate that often befalls last-minute taxpayers, who, in a mad dash to meet the IRS deadline, make filing flubs that result in smaller refund checks or shelling out more to the government than they owe.

If you're among those last-minute filers, first, take a breath. Then take note of eight common filing mistakes to avoid.

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TurboTax Articles

Do The Math: Understanding Your Tax Refund

For most people, tax is collected by an employer at a rate that estimates your tax for the year. Your actual earnings and the deductions that you?re allowed to claim might cause you to pay too much tax, which leads the Internal Revenue Service to issue you a refund. "The idea behind a tax refund is quite simple," says James Windsor, a certified public accountant from Ann Arbor, Michigan. "When you pay more tax than you owe, the Internal Revenue Service returns the overpayment as your refund."

5 Tax Tips for Single Moms

If you?re a single mom filing your taxes, make use of tax credits and deductions that can help reduce your taxable income and reduce the amount of tax you pay. A number of strategies, credits and deductions can be used to reduce taxable income, and in some cases, allow tax refunds even if you didn?t pay in any taxes. When you use TurboTax, we?ll ask simple questions and handle these calculations for you.

5 Tax Tips for Single Parents

Filing taxes as a single parent requires coordination between you and your ex-spouse or partner. Usually the custodial parent claims the child as a dependent, but there are exceptions. A single parent is allowed to claim applicable deductions and exemptions for each qualifying child. Even though you claim your child as a dependent, she may still have to file her own tax return if she has income, such as from an after-school job.

Affordable Care Act Decoded

The health care reform law known as the Affordable Care Act may directly affect your tax liability. Many taxpayers are familiar with the requirement that most Americans either carry health insurance or pay a tax penalty. But that's just one provision, and knowing what else is in the law can help you avoid surprises come tax time.

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sr1moments

What's the difference between head of household & claiming a child as a dependent who does not live w/you?

April 17 2012 at 1:29 AM Report abuse rate up rate down Reply
defensearms

A little late for this news huh?

April 17 2012 at 12:43 AM Report abuse rate up rate down Reply
pam

Is aol going to find a new source for news. I heard they were giving the Ax to Huffington Post. Has anyone else heard that?

April 16 2012 at 11:23 PM Report abuse rate up rate down Reply
1 reply to pam's comment
defensearms

I hope they do, sick and tired to only see retard libs posting there...besides the friggin T-Mobile ads!

April 17 2012 at 12:42 AM Report abuse +1 rate up rate down Reply
christia58

I WENT TO jACKSON hEWITT AT WALMART bIG mISTAKE COST ME $161.00 TO GET THEM FIGURED WILL NOT GO THER AGAIN.

April 16 2012 at 7:31 PM Report abuse rate up rate down Reply
burtonburtoncom

Obvious barrelman1 has not looked at the following Buffet link:
rule?source=em12_20120416_sc_act&utm_medium=email&utm_source=obama&utm_campaign=em12_20120416_sc_act&email

April 16 2012 at 6:25 PM Report abuse rate up rate down Reply
barrelman1

Don't worry if Obama gets re elected we are all done anyway!

April 16 2012 at 5:15 PM Report abuse rate up rate down Reply
neutralx

Struggling for stories are we, AOL? Let me sum up this article for anyone that hasn't read it yet: Don't make mistakes. There you go, now I'm qualified to write news for AOL / Yahoo / Huffpost!

April 16 2012 at 4:40 PM Report abuse rate up rate down Reply
sports

A vote for OB is a vote for NO B

April 16 2012 at 3:33 PM Report abuse rate up rate down Reply
msrelax1

We at Inland Valley Income tax would love to do your Taxes!!!!!!!!! call us we'd love to beat the dead line for you

Thank you ...951-684-1150

April 16 2012 at 3:11 PM Report abuse rate up rate down Reply
granmaww33

HI HONEY, THIS MUST BE ANNIE??
I LOVE YOU.

April 16 2012 at 2:24 PM Report abuse rate up rate down Reply