Young Adults Only Understand About 44% of the Tax Filing Process

Tax season is around the corner! And according to a survey of 18- to 26-year-olds, the average young American estimates that they only understand about 44% of the tax filing process.  We can blame the schools for not preparing kids for real-world necessities, or we can blame the U.S. government, for making this the STUPIDEST process.

Here are some other stats from the survey:

56% of young adults admit they’re intimidated by the tax filing process.

28% aren’t looking forward to it at all.

29% are “very much” looking forward to filing their taxes.

38% wish they could use the time they spend doing their taxes to be with loved ones or watching TV instead . . . and 31% would rather clean their home.


Now, I’m not a financial advisor; but unless you have a super basic situation, you should try calling a few local CPAs to get a quote.  And soon.  Before they get slammed. They will probably cost more than whatever tax software you use, but there’s a decent chance they can make up for it by finding deductions and money that you don’t owe, by making it more specific to you.

It’s worth a try.  If nothing else, they could help you learn more about the process, while also saving you the time and stress of doing it yourself.

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