Last week CCH published a new tax survey, which included a lot of interesting data about how much of the tax code Americans actually understand. According to their press release, some of the most shocking findings include:
- Less than one-fourth could identify that tax credits are generally more advantageous than deductions;
- Only about one-third identified the child-related tax break offering the greatest savings; and
- Less than one-half identified the education-related tax break offering the greatest savings.
You can read more details about the finding by checking out the CCH press release, or by downloading a PDF of the full study.
