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What to Do if You Made a Mistake on Your Taxes


Small mistakes like transposing a number usually aren't the end of the world, but when they happen on your taxes, they can be a big problem. Errors like this could cost you money or bring the IRS after you if the mistakes lead the government to believe you're trying to cheat it, and no one wants that to happen. 

Yet mistakes on tax returns are more common than many people realize. The IRS found nearly 2.45 million math errors among 2017 tax returns, the latest year for which data was available. Here's a look at what some of those errors are, how to avoid them, and what to do if you realize you messed up on your taxes.

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Source Fool.com


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