Via TaxProf: "The H&R Block Tax Institute released a survey of over 1,000 adults showing that most Americans cannot answer basic tax questions. Among the findings:
84% do not know they can file an amended return to correct errors in a prior year's return
78% do not know what tax bracket they are in
76% do not list "knowledge of current tax laws" as important in picking a tax professional
70% do not know of recent tax legislative changes that may affect their returns
60% do not know the difference between a tax credit and a tax deduction"
No surprises here.
