An nameless reader writes: “Millennials, who vary in age from early twenties to mid-thirties at the moment, are in a life part of ongoing change and evolution — from college students to graduates to independents to spouses. Navigating the in-betweens of those many main milestones isn’t any cakewalk. Along with the usual monetary commitments that accompany such main milestones, millennials should stay aware of how their ever-shifting circumstances affect their tax obligation. Listed below are 5 widespread tax errors made by millennials to be careful for” by Stefanie O’Connell:
- Submitting as a dependent while you’re impartial
- Skipping out on medical insurance
- Forgetting to deduct scholar mortgage curiosity
- Miscalculating deductions for the price of relocating
- Withholding an excessive amount of for taxes
