The Economic Times

Costly tax errors: 5 filing mistakes that could drain up to $2,000 from your wallet

Many people make simple tax filing mistakes that cost them money every year. These include missing deductions, wrong income details, and not tracking expenses. Experts say poor planning is the main reason. Such errors can lead to penalties or lower refunds. With basic care, correct records, and early planning, taxpayers can avoid losing up to $2,000 easily.