US tax time: A later deadline and other tax facts

Thanks to a holiday in Washington, D.C., the federal tax-filing deadline this year is April 17, two days later than usual. The extra time provides an opportunity to peruse some random tax-related facts.

6. Error rate, preparation, and IRS costs

Error rate on returns:

Paper returns – 21 percent

e-file returns – 0.5  percent

Cost to IRS for each $100 collected:

42 cents

Average tax preparation costs:

If itemized deductions: $229

If no itemized deductions: $129

Sources: Internal Revenue Service and About.com

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