00:03have you or someone you know said what I learned in math class I don't use in real life well
00:09remember
00:09how your calculus teacher told you to check your work this applies to your taxes everyone the IRS
00:15has been taking notes on common math mistakes found on tax returns the error that happened
00:21the most on 2020 returns happened with the recovery rebate credit 11 million three hundred seventy two
00:27thousand nine hundred eighty taxpayers incorrectly calculated the credit allowed for not receiving
00:33economic impact payments many taxpayers claimed to credit they were not entitled to but in many
00:38cases this was due to the fact that they actually received the payment after their 2020 return had
00:44already been prepared 407 thousand seven hundred fifty seven people had errors related to self
00:50employment tax alternative minimum tax and household employment tax for 2020 math errors on the child
00:56tax credit amounted to two hundred and forty four thousand one hundred forty eight taxpayers two
01:02hundred and eighty three thousand three hundred forty six people had errors when calculating their
01:06adjusted gross income so check your work everybody mrs. Simons was scary but the IRS has even more
01:13ways to punish you for your messy work
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