Tax laws are becoming increasingly complex and each year there are new revisions that change the rules for credits and deductions. Due to these ever-changing laws, far too many individual taxpayers lose out on their opportunities to receive proper refunds.
More often than not, individual taxpayers aren’t versed in the deductions and credits that might be available to them and fail to list them on their tax return forms.
Even if you fill out only one tax form, for example, form 1040, you could be missing out on part of your refund simply because you’re unaware of the deductions and credits you can claim.