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Tax day is next week: Avoid these 5 common mistakes that can cost you money

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Tax day is next week: Avoid these 5 common mistakes that can cost you money

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Tax season is stressful enough, but avoidable mistakes can turn a routine filing into an expensive headache.

With Tax Day just 10 days away, even small errors can mean the difference between a smooth refund and frustrating delays. In some cases, they can even trigger IRS notices or unexpected penalties.

Here are five common filing missteps to watch out for and how to avoid them:

1. Choosing the wrong filing status

Tax scams have evolved from unemployment fraud to social media “tax hacks,” with the IRS warning of new threats for the 2026 filing season. (Michael Bocchieri/Getty Images)

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Your filing status is one of the most important choices on your tax return because it helps determine your tax rate, your standard deduction and which credits you may be eligible to claim. Pick the wrong one, and you could end up paying more than you owe, getting a smaller refund or triggering delays if the IRS flags the return for review.

For many taxpayers, the confusion comes from life changes that happened during the year, like getting married or divorced, having a child, moving in with a partner, supporting an aging parent or sharing custody. Even if your situation feels straightforward, the IRS rules can be less intuitive, especially for taxpayers who aren’t sure whether they qualify as “head of household” or whether they can still file as “qualifying surviving spouse” after a spouse has died.

RETIRED? HERE’S WHEN THE IRS MIGHT TAKE A CLOSER LOOK AT YOUR FINANCES

Head of household, in particular, can be costly to get wrong. It typically comes with a larger standard deduction and more favorable tax brackets than filing as single – but it has strict requirements tied to paying more than half the cost of keeping up a home and having a qualifying dependent. If you don’t meet the rules and claim it anyway, you may have to pay back tax benefits later, plus penalties and interest.

When in doubt, the IRS has an online filing-status tool, and many tax software programs will walk you through the questions to help you choose the right category.

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2. Leaving credits on the table

A woman preparing her taxes. (Kurt “CyberGuy” Knutsson)

One of the biggest and most expensive tax-season mistakes is failing to claim every credit or deduction you qualify for. That can mean a smaller refund or a higher bill.

“I think the top mistake people make is not fully understanding or taking the time to really research what are all the different deductions and the ways that you can put a little bit of extra money in your pocket that are available to you,” said Bill Sweeney, senior vice president of government affairs at AARP.

AVERAGE TAX REFUND TOPS $3,700 MIDWAY THROUGH FILING SEASON, TREASURY SAYS

Sweeney also warned taxpayers not to rely on last year’s return as a blueprint for filing because of recent changes to the tax code from the One Big Beautiful Bill Act

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“This would be a good year given that there are these changes to the tax code, to make sure not to assume that what you did last year will convey over to this year. Really take a fresh look at your tax situation and see if there’s money that you’re leaving on the table,” he said.

3. Missing key deadlines

A couple is seen going over tax paperwork. (iStock)

An extension can buy you time to file your paperwork, but it doesn’t give you extra time to pay. For most taxpayers, the IRS deadline to pay what you owe is April 15, 2026 – even if you request an extension to file later.

“Remember that even if you claim an extension, the money is owed on April 15,” said Mike Faulkender, co-chair of American Prosperity at the America First Policy Institute.

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Faulkender, a former Treasury official and IRS commissioner, said taxpayers who need more time should still estimate their bill and pay by the filing deadline to help avoid added costs.

“You have to actually send in a check or have the payment deducted from your account by the filing deadline,” he said.

If you can’t pay in full by April 15, pay what you can to help limit penalties and interest on top of your tax bill.

4. Entering bank account details incorrectly

If you choose direct deposit for your refund, the IRS relies on the routing and account numbers you provide. One wrong digit can lead to delays. 

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If you pay what you owe by direct debit, incorrect banking details can also lead to a rejected payment and potentially result in penalties and interest.

5. Filing before all your tax forms arrive

Timing matters when it comes to filing your taxes. Submitting your return before you’ve received all your key paperwork, like W-2s or 1099s, can lead to errors, missing income or a return you have to amend later.

Faulkender said there’s a simple way to double-check what’s been reported under your name before you file. 

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“One of the things that I learned last year when I was IRS commissioner, was that if you create an account on irs.gov, you can see everything that’s been filed under your tax ID,” he said. 

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“We’re supposed to receive all of our W-2s and our 1099 forms in the mail in January and February. But if you’re missing one, or you misplaced it rather than requesting it again, you can actually go and see what was filed under your taxpayer identification number if you create an account on IRS.gov.” 

Filing late can also cost you extra money, especially if you owe. The goal is to wait until you have what you need, then file as soon as you’re ready.

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Sen. Lindsey Graham dead at 71 after ‘brief and sudden’ illness, office says

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Sen. Lindsey Graham dead at 71 after ‘brief and sudden’ illness, office says

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Sen. Lindsey Graham, R-S.C., died Saturday evening following a “brief and sudden” illness, according to a statement from his office.

“On the evening of Saturday, July 11, U.S. Senator Lindsey Graham passed away from a brief and sudden illness,” his office said.

“Senator Graham’s family appreciates prayers at this time and asks for privacy during this incredibly difficult period,” it continued.

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Sen. Lindsey Graham, R-S.C., speaks with reporters about aid to Ukraine, on Capitol Hill, Wednesday, March 10, 2022, in Washington. (AP Photo/Alex Brandon)

This is a breaking story; check back for updates.

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Trump slashes wildlife protections, putting endangered California animals at risk

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Trump slashes wildlife protections, putting endangered California animals at risk

The Trump administration finalized a rollback of the Endangered Species Act on Friday, paving the way for drilling, mining and other human development across protected wildlife habitats.

The move redefines “harm” under the Endangered Species Act, the landmark conservation law that protects threatened and endangered plants and animals. For years, “harm” meant actions that injure or kill wildlife, as well as actions that destroy protected habitats.

Under the new rule, destroying those habitats is no longer illegal.

The decision aligns with the Trump administration’s ongoing effort to slash regulations in the name of economic growth. Interior Secretary Doug Burgum, whose department finalized the move, said the prior definition of harm “interfered with private property rights” and “turned routine activity into a regulatory trap.”

Environmental groups called the decision a disaster, saying it puts protected species on a path to extinction.

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The move seems especially poised to hit California, the most biodiverse state in the country, where more than 6,700 species are spread across mountains, forests, deserts and oceans. Of the roughly 2,300 species protected by the Endangered Species Act, nearly 300 are found in California.

These species include amphibians such as tiger salamanders and Yosemite toads; birds such as California condors and northern spotted owls; fish such as Little Kern golden trout and Santa Ana suckers; insects such as Franklin’s bumble bees and Mission blue butterflies; mammals such as gray wolves and Santa Catalina Island foxes; and reptiles such as desert tortoises and green sea turtles.

The Endangered Species Act is widely credited with saving the California condor, which almost went extinct in the 1980s due to several factors, including habitat destruction. Thanks to a recovery program under the act, the condor population has since soared to several hundred. But under the new law, the logging and human development that led to their near demise is now allowed.

A handful of California species recoveries have been championed as success stories under the Endangered Species Act, including southern sea otters, peregrine falcons, humpback whales, bald eagles and green sea turtles.

According to a report from the Center for Biological Diversity, the El Segundo blue butterfly lost 90% of its oceanside habitat due to the construction of LAX and beachfront housing developments. The population dwindled to about 1,000 butterflies in the 1970s, when it was named an endangered species. Now, the population has climbed above 120,000.

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In California, the rollback could pave the way for more farming, mining, logging and drilling in areas that were once forbidden due to the potential for wildlife habitat destruction. A report from Earthjustice estimates that expanded oil drilling in California could threaten five marine species including humpback whales, sea otters, leatherback sea turtles, marbled murrelets and wild salmon.

Several environmental groups are planning legal challenges to the ruling.

“For the first time ever, a presidential administration now claims that species protected by the Endangered Species Act shouldn’t be safe from habitat modification that destroys where they live, raise their young, or search for food,” Kristen Boyles, attorney for the environmental nonprofit Earthjustice, said in a statement. “Let’s be clear: there is no support for the Trump administration’s rule — no scientific support, no legal support, no public support. We will see the Trump administration in court.”

Ben Greuel, wildlife campaign manager at the Sierra Club, called the decision “an unlawful attempt to open the door for corporate polluters to degrade vitally important habitats.”

“For more than four decades, the definition of ‘harm’ recognized a simple truth: if you destroy the places wildlife need to survive, you are putting species on a path to extinction,” Greuel said in a statement.

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It’s not the first time Trump has taken aim at California environmental regulation.

Earlier this year, Gov. Gavin Newsom, along with the governors of Washington and Oregon, submitted a formal opposition to the Trump administration’s plans to expand drilling off the Pacific Coast, with Newsom saying it leads to “dead wildlife.” In June, the Trump administration ordered a review of the California Coastal Commission, claiming the state’s “environmental extremism” obstructs spaceport development and offshore oil production.

A day before the Endangered Species Act decision, the Trump administration signed off on a controversial plan to use an old oil pipeline to pump water from the Mojave Desert into cities. Environmental groups said the plan threatens springs and local wildlife, since six pumps would need to be built in desert tortoise habitats.

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Trump-aligned House holdouts accused of holding ‘life-saving’ veterans bill ‘hostage’ over SAVE America Act

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Trump-aligned House holdouts accused of holding ‘life-saving’ veterans bill ‘hostage’ over SAVE America Act

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A sweeping veterans package supporters describe as the largest expansion of veterans’ health care and benefits in more than a decade is expected to return to the House floor when lawmakers come back from the July recess, but backers warn the legislation could once again become collateral damage in the Republican standoff over the SAVE America Act.

The Take Care of America’s Veterans Act rolls roughly 60 veterans bills into a package that would dramatically expand veterans’ health care and benefits. At its core, the legislation would cement veterans’ access to community care outside the VA while increasing benefits for combat-wounded veterans, caregivers and Gold Star families, expanding mental health services and enacting dozens of additional reforms.

House Veterans’ Affairs Committee Chairman Mike Bost, R-Ill., told Fox News Digital he intends to bring the Take Care of America’s Veterans Act back for a vote as soon as the House reconvenes next week.

WASHINGTON, D.C. – MARCH 17: Eugene Simpson, 29, from Dale City, Virginia goes through physical therapy at the Veterans Affairs Medical Center in Washington, D.C. with Michael Minor, a kinesiotherapist with the United States Department of Veterans Affairs on March 17, 2006 in Washington, D.C., USA. (Photo by Jeff Hutchens/Getty Images) (Jeff Hutchens/Getty Images)

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HOUSE CONSERVATIVES DERAIL GOP AGENDA IN SAVE AMERICA ACT SHOWDOWN

The legislation was held up last month after a group of House Republicans joined Democrats to defeat a procedural vote, stopping the House from taking up the bill.

“I’m feeling good as long as my members stay with us on the rule,” Bost said. “Right now, there’s some politics being played, not about this bill, but just in general.”

The bill became entangled in a broader House Republican fight over the SAVE America Act, legislation championed by President Donald Trump that would require proof of U.S. citizenship to register to vote in federal elections.

On June 30, the House voted on H. Res. 1398, the procedural rule governing floor consideration of several bills, including the National Defense Authorization Act and the Take Care of America’s Veterans Act. The rule failed after 14 Republicans joined Democrats in opposition, preventing the House from taking up the veterans package and bringing floor business to a standstill. Rep. Anna Paulina Luna, R-Fla., claimed to have voted against the rules vote in protest against House leadership’s handling of the SAVE America Act. As a result, Speaker of the House Mike Johnson sent the members home early.

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Bost accused the holdouts of effectively putting veterans legislation on hold.

The US Department of Veterans Affairs building is seen in Washington, DC, on July 22, 2019. (Photo by Alastair Pike / AFP) (Photo credit should read ALASTAIR PIKE/AFP via Getty Images) (Photo credit should read ALASTAIR PIKE/AFP via Getty Image)

‘IT’S A MESS’: GOP TURNS ON HOUSE CONSERVATIVES AS VOTER ID BLOCKADE STALLS TRUMP’S AGENDA

“They’re holding all bills hostage,” Bost said. “They’re not voting for any rule. Any bill that has to pass a rule before it comes to the floor—which this bill does because of its size—can’t move.”

Although Bost said he supports the SAVE America Act and has voted for it three times, he argued the Senate’s failure to act should not stop the House from advancing unrelated legislation.

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“I agree with that bill,” Bost said. “But the Senate still has to do their work. We don’t stop our work because the Senate isn’t doing it.”

With 23 legislative days left in the Congressional session, Concerned Veterans for America Strategic Director John Byrnes, a supporter of the bill, said time is of the essence.

“There are lots and lots of things that have to get done,” Byrnes told Fox News Digital. “There’s also the National Defense Authorization Act, which is a must pass every year, so these things eat up time. There’s requirements to have debate on these, which eat up session time.”

Byrnes argued that every procedural delay pushes other legislation further down the calendar.

“This bill will save lives in 2027,” Byrnes said. “If we lose veterans because they could have had faster, better access to health care, we’re never going to get those veterans back.”

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Rep. Mike Bost, R-Ill. ( )

TRUMP’S SAVE AMERICA ACT SHOWS SIGNS OF LIFE IN THE SENATE DESPITE REPUBLICAN REVOLT

But Rep. Chip Roy, R-Texas, who also voted no on the procedural vote, told Fox News Digital that he has concerns about how the bill is financed.

“I appreciate what the chairman’s trying to do in some respects, but there’s a few issues,” Roy said.

Among them, Roy pointed to provisions offsetting new spending through changes affecting other veterans.

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“You’re taxing certain veterans to provide some sort of benefits and changes to other veterans,” Roy said. “There are concerns about some of the pay-fors.”

Veterans of Foreign Wars has also taken issue with Section 108 of the bill, warning that it would codify changes to future disability ratings for tinnitus and sleep apnea to help finance other veterans priorities.

But Bost said this is inaccurate.

“No veteran is going to have their benefits reduced,” Bost said. “If you’re receiving a benefit right now, that’s not going to be reduced at all.”

Roy, who previously served two years on the House Veterans’ Affairs Committee, said he supported a lot of what the bill was seeking to accomplish; but said other pieces of legislation are priorities, too.

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“There is a block of us for whom border security, the SAVE Act and demonstrating our leadership on major issues is critical,” Roy said. “Some of these other bills may or may not get hung up based on a desire of many in the conference to see movement on other things.”

Fox News Digital reached out to Luna’s office and the White House for comment.

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