An nameless reader writes: “Millennials, who vary in age from early twenties to mid-thirties right this moment, are in a life section of ongoing change and evolution — from college students to graduates to independents to spouses. Navigating the in-betweens of those many main milestones is not any cakewalk. Along with the usual monetary commitments that accompany such main milestones, millennials should stay conscious 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 health insurance
- Forgetting to deduct pupil mortgage curiosity
- Miscalculating deductions for the price of relocating
- Withholding an excessive amount of for taxes
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