If you decide to submit the 730/2024 tax return independently, there are five mistakes to absolutely avoid.
The filing season officially started on May 20, 2024, allowing taxpayers to integrate, correct, and submit the pre-filled form to the Revenue Agency.
For over a month, citizens have been dealing with documents, receipts, expenses, and calculations for the income tax return, which, with the 730 form, can be submitted until September 30, 2024.
However, if you choose not to seek help from a Tax Assistance Center (Caf) or a qualified professional, you must approach the compilation of your form not only with clear ideas but also with a certain amount of knowledge to prevent common errors (which can be very costly).
It is crucial to pay close attention when filling out the 730 form because any mistakes made can lead to consequences such as fines and penalties, possibly even legal implications.
Here are the 5 key errors to absolutely avoid in the 730/2024 form:
As mentioned, the pre-filled 730 form has been available for consultation by employees and retirees for almost two months.
When is the deadline to submit the 730? The deadline is set for September 30.
However, caution is necessary because the pre-filled income tax return provided by the Revenue Agency may contain errors or omit some information.
The good news is that thanks to the online pre-filled version of the 730 form, it only takes a few clicks to correct errors or add information.
However, submitting the pre-filled income tax return is not always straightforward, and it is often advisable to seek the advice of a tax expert to avoid making mistakes or forgetting to include deductible expenses.
When opting for the DIY approach, it is essential to verify the information entered by the Revenue Agency in the pre-filled 730/2024 form meticulously.
Incomes, dependents, and deductible expenses are some of the crucial pieces of information to be carefully reviewed to avoid unpleasant surprises.
It is also recommended to verify the number of work/pension days listed in Section C meticulously to avoid missing out on essential deductions.
Here are 5 common mistakes to avoid when filing the 730 form, along with the necessary precautions:
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