BUSINESS BRIEFING / TAXES
Times Staff and Wire Reports
The Internal Revenue Service warns that many taxpayers are mistakenly trying to double-dip on last year’s federal tax rebate when they file their tax returns this year -- and the IRS is catching the errors.
A sampling of returns shows that 15% of early filers made mistakes in the section dealing with the rebate. The vast majority of taxpayers are ineligible for any more credits under the package. However, this year’s tax returns include a section for the few taxpayers who are eligible for an additional credit.
