Kiplinger: “Seven Common Tax Preparation Mistakes (and How to Avoid Them)”
Kiplinger, March 26, 2025 — As the deadline for completing taxes looms ever closer, taxpayers across the country are scrambling to gather necessary forms and documents, ensure their numbers are correct and get this burdensome task off their to-do list.
However, according to the tax and financial experts of Kiplinger Advisor Collective, preparing your taxes doesn’t need to be the dreaded task many make it out to be. In fact, it can be a great time to check in on the health of your finances and ensure you’re taking advantage of all the benefits and accounts that are available to you.
If tax time is adding unnecessary stress to your life each year, consider these common mistakes people make when preparing their taxes and what can be done to avoid them. A few simple steps may be all you need to ease your stress and feel good about your finances this year.
Here’s advice form Marguerita Cheng, CEO of Blue Ocean Global Wealth.
Don’t put off getting organized — “The No. 1 mistake I see is a lack of organization and planning throughout the year. Better organization and planning can make tax preparation less challenging because you won’t be as overwhelmed or stressed.”