Nine Tax Pitfalls and How to Avoid Them

All it took was a quick glance at the young woman’s federal tax return form for Certified Financial Planner™ Austin Lewis to spot an important omission — one that could net the college student a valuable $2,500 American Opportunity Tax Credit from Uncle Sam.

Fortunately this young woman consulted Lewis before filing her tax return, preventing her from succumbing to one of the many common and potentially costly pitfalls that can trip up taxpayers. With the tax deadline fast approaching, here’s a look at some of those pitfalls and how to avoid them:
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