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  5. Video: How To Reduce Errors on Your Tax Return

Video: How To Reduce Errors on Your Tax Return

Updated for Tax Year 2021 • October 16, 2021 06:25 AM


OVERVIEW

Did you know that errors on your tax return can affect the amount of your tax bill and the amount of time it takes to get a refund? Fortunately, TurboTax helps you avoid errors AND be sure you're getting all the tax deductions and credits you deserve


TABLE OF CONTENTS

Video transcript:

Hello. I'm Tiffany Smith from TurboTax. Did you know that errors on your tax return can affect the amount of your tax bill and the amount of time it takes to get a refund?

Believe it or not, incorrect or missing Social Security numbers top the list of errors. The simple solution is to transfer numbers carefully. TurboTax helps you avoid errors by importing tax information directly from more than 100,000 employers and banks, and transferring your tax information from last year’s return to this year’s return.

Computation errors also trip up thousands of returns. If you use the wrong tax table, for example, all the numbers that follow will be incorrect. TurboTax walks you through every step of the process. It asks you simple questions and guides you to make sure you don’t miss a thing.

TurboTax automatically double-checks your return for errors and your arithmetic for accuracy. We’re so sure it’s right, you get a 100% accurate calculations guarantee. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest amount.

TurboTax even searches for missing deductions and tax credits to ensure that you get all the savings you’re entitled to. So do your taxes with confidence.

Remember, with TurboTax, we'll ask you simple questions about your life and help you fill out all the right tax forms. With TurboTax you can be confident your taxes are done right, from simple to complex tax returns, no matter what your situation.

All you need to know is yourself

Answer simple questions about your life and TurboTax Free Edition will take care of the rest.

For simple tax returns only

Real tax experts on demand with TurboTax Live Basic

Get unlimited advice and an expert final review. Done right, guaranteed.

For simple tax returns only

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