Mistakes are something we all make. However, mistakes on your tax forms can prove to be costly. Many have found this out the hard way — even a small typo in any of the Name fields could cost you big. That is why we have prepared a list of common mistakes to avoid while you are filling out your Form W-4.
- Misspelling your name or SSN in the W-4 form will most likely result in your employer rejecting it; so make sure the information is entered correctly.
- Proper calculation of the number of deductions is extremely important to avoid surprises during the tax season as you may end up owing money to the IRS. On the other hand, if you overreport your deductions, you will end up with a smaller take-home amount in your paycheck, but a larger tax refund at the end of the year which is like giving the IRS a free loan.
- Make sure you select the correct marital status box as it will also affect the amount of tax withheld from your paycheck.
You should keep all the forms in one place for easy organization, for example in PDF Expert on your iPad or iPhone. This enables you to quickly access the forms whenever you need them.
Once again, make sure you provide accurate information on your W-4. If you are unsure of some items, always consult with your financial adviser.
How does PDF Expert Help with filling out tax forms?
PDF Expert is the best PDF editor for Mac with many fantastic features. PDF Expert makes it very easy to fill out your tax forms and save them for handy access later. It contains tools to let you quickly enter information or make corrections in PDF when needed. As the tax season approaches, make sure you download PDF Expert for some peace of mind."