Join our #CreditChat every Wednesday at 3 p.m. ET on Twitter and YouTube. In this week's chat we shared important tips about filing taxes that might help you get a refund and avoid penalties. This deck features highlights from our chat with tips from: @AmericaSaves, @LeslieHTayneEsq, @TaxTweet, @RAHomes, @Finovera, @_MoneySavingPro, @DebbiKing and @WealthWithMina

1. #CreditChat
Wednesdays | 3 p.m. ET
Great Tips to Help You File Your Taxes (And Get a Refund)
Featuring @Taxtweet
Wednesdays | 3 p.m. ET
#CreditChat

2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week,
we talked about filing taxes and getting a refund.
“ Check Out All the Tweets and Resources:
ex.pn/taxes

3. Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What are some tax mistakes that are easy to make?

4. The simplest mistakes are those human ones - data entry and
calculations can get tricky.
Tweet by @AmericaSaves
#CreditChat

5. Putting it off for too long. Having to get your taxes done under
a tighter deadline increases chances of mistakes.
Tweet by @LeslieHTayneEsq
#CreditChat

6. Wednesdays | 3 p.m. ET
10 Common Tax-filing Mistakes to Avoid
- Math miscalculations - Filing status errors
- Computation errors - Social Security number oversights
- Misspelled or different names - Complete charitable contributions
- Direct deposit dangers - Signature required
- Additional income, additional filing work - Missing the deadline
Source: @TaxTweet

7. Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What are some overlooked tax deductions?

8. Missing out on homeowner tax deductions (easy to do if it’s
your first year after renting).
Tweet by @RAHomes
#CreditChat

9. If you are a student who claimed yourself, you can write off
your costs on books if you still have your receipts.
Tweet by @Finovera
#CreditChat

10. Business expenses that might not seem like business expenses -
computer repair, phone, etc.
Tweet by @_MoneySavingPro
#CreditChat

11. Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What’s the difference between tax
deductions and credits?

12. Deductions lower your taxable income;
credits lower the amount you owe.
Tweet by @DebbiKing
#CreditChat

13. Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
How can feeding your retirement accounts
help reduce your taxes?

14. People who don’t have a retirement account at work are able to
defer paying income tax on the amount they deposit in an IRA.
Tweet by @LeslieHTayneEsq
#CreditChat

15. Pre-tax contributions to accounts like traditional IRAs and
401(k)s can reduce your taxable income.
Tweet by @WealthWithMina
#CreditChat

16. Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What options are available for those who
don’t have money to pay taxes?

17. Go to IRS.gov and apply for an installment plan - pay the
balance monthly over as long as six years.
Tweet by @LeslieHTayneEsq
#CreditChat

18. Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
Any final tips for those of us about to
file taxes?

19. Make sure you file even if you don’t have everything. Either file
a return or an extension. Not filing is not an option.
Tweet by @DebbiKing
#CreditChat

20. IMPORTANT NOTE:
An extension of time to file is NOT an extension
of time to pay.
You must still pay all or part of your estimated
income tax due.
Source: www.irs.gov

21. #CreditChat
Wednesdays | 3 p.m. ET
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ex.pn/taxes

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Wednesdays | 3 p.m. ET
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