February 2024 Real Estate News
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In the February 2024 edition of Real Estate News, we will explore how to get the best price for your home, budget-friendly ways to make your living room look more expensive, the eight most common tax filing mistakes, and look at the latest trends and surveys.
All this and more in this month’s issue of Real Estate News.
The Eight Most Common Tax Filing Mistakes
As tax season nears, beware of easily overlooked filing mistakes. Here’s a quick list of eight common errors to help you avoid them.
■ Missing Information or Typos: Double-check every detail on your tax return. Something as simple as a forgotten W-2 form or a small error can lead to bigger problems, like miscalculations and even audits. Take the time for a thorough review to ensure everything’s accurate and accounted for.
■ Mismatched Social Security Numbers: Ensure that the Social Security numbers you provide align with official documents. Mismatched or incorrect numbers can cause delays in processing your return and, in some cases, result in penalties. It’s a small but crucial detail to get right.
■ Choosing the Wrong Filing Status: Don’t overlook the importance of selecting the right filing status. Whether you’re single, married, or head of household, picking the correct status is vital for determining your tax rates and deductions. Take a moment to evaluate your situation accurately.
■ Overlooking Deductions and Credits: Many folks miss out on valuable deductions and credits simply because they’re not aware of them. Deductions for things like education expenses and energy-efficient home improvements can add up. Stay informed about potential tax breaks that apply to your circumstances.
February 2024 Real Estate News
Thank You and Have a Great Day
Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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