Tax Day 2026: Avoiding Common Filing Mistakes
With the tax filing deadline of April 15th rapidly approaching, taxpayers are encouraged to ensure their documentation is accurate and complete to avoid delays in processing their returns. Recent data indicates a slight increase in individuals seeking assistance with their taxes, particularly in Tennessee, due to modern deductions and a confusing transition year for tax laws.
Tennessee Tax Filing Specifics
For Tennessee residents, it’s critical to remember that the state does not have a state income tax, but federal tax returns are still required. Taxpayers may notice differences in their federal returns this year due to adjustments made by the IRS to account for inflation. These adjustments imply individuals may be able to earn more before moving into a higher tax bracket.
New Deductions and Common Errors
Many Tennesseans are benefiting from new deductions related to overtime and tip income. However, Mark Steber, Chief Tax Officer for Jackson Hewitt Services, notes that the complexities of the 2025 tax year are leading some taxpayers to seek professional assist.
“We’re seeing a little bit of a pickup nationally and in Tennessee for people seeking out help, and that’s because a lot of Tennesseans have some overtime. A lot of Tennesseans have some tip income, and that’s a brand new deduction. And 2025 is a little bit confusing, because it’s a transition year, still seeing a lot of people rolling those dice and taking chances, doing it themselves, but a lot more people asking questions, asking questions about the new law,” said Mark Steber.
Steber emphasizes the importance of accurate record-keeping.
“Not matching causes more headaches than audits. But that’s certainly something to be mindful of. It’s an exact issue with your tax return. Don’t just guesstimate what you earned last year at that job. That was only for a couple of weeks. You have to receive the documents.”
Refund Trends
According to recent reports, while the number of filed returns is slightly down, average tax refunds have increased by 10.2%.
Key Takeaways
- Accuracy is Crucial: Ensure all information on your tax return matches official documentation.
- New Deductions: Be aware of new deductions, such as those for overtime and tip income.
- Inflation Adjustments: Understand how IRS adjustments for inflation may affect your tax bracket.
- Seek Help if Needed: Don’t hesitate to consult a tax professional if you’re unsure about any aspect of the filing process.
Taxpayers are encouraged to proactively gather their documentation and plan ahead to ensure a smooth and timely filing experience before the April 15th deadline.