Jen LeMair https://www.ipx1031.com 1m 194 #taxes
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
29% of Americans Procrastinate Doing Their Taxes, Annual Study Finds
Tax Day might still be over a month away and even with Taxcaster and many other great tools, many Americans will delay filing until the very last second. According to IPX1031’s 5th Annual Tax Procrastination Report, 29% of Americans admit to procrastinating doing their taxes.
2024 could be ripe with delays, the nationwide survey revealed 1 in 4 people feels unprepared to file this year.
- 11% of Americans will file in January, 40% will file in February, 30% will file in March, 19% will file in April or later!
- 28% of Americans don’t know when the tax filing deadline is this year.
- Biggest tax procrastinators by state: 1) Wyoming, 2) Vermont, 3) Alaska
- Biggest tax procrastinators by city: 1) Baltimore, 2) Denver, 3) Boston
The top reasons Americans put off their taxes? Too complicated or stressful, too time consuming, taking time to make sure they’re correct, and fear they’ll owe money.
For more insights about Americans’ tax procrastination habits, plus expectations about returns (30% think they’ll get less in 2024 compared to 2023), take a look at the full report. Don’t hesitate to reach out if you have any questions, or if you’d like to include these latest stats in upcoming coverage.
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