Taxpayers reminded how to avoid common errors on their tax returns, the IRS announced. This filing season signs of common errors being seen, include some taxpayers claiming incorrect amounts of the Recovery Rebate Credit and Child Tax Credit, the IRS stated. To avoid these errors claiming the credits, taxpayers should refer to Letter 6419 for advance Child Tax Credit payments and Letter 6475 for third Economic Impact Payment amounts they received – or their Online Account – to prepare a correct tax return, the IRS provided. Other ways to avoid common mistakes being seen so far this tax season include: ...
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