Over half of all income tax returns prepared by "paid preparers" contain errors, according to a recent IRS study.

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Over half of all income tax returns prepared by "paid preparers" contain errors, according to a recent IRS study. What were the most common mistakes? Failing to claim the standard deduction; entering dollars and cents in the area for dollars; failing to claim (or incorrectly stating) the amount of a refund; failing to total the multiple entries on Schedule C; filing a Schedule SE though net self-employment earnings are less than $400; using the wrong filing status (joint, head-of-household, etc.); and failing to check the age/blind box.