Journal of Financial Planning: October 2021
44…Percent of consumers expect to file taxes in February. (National Retail Federation)
34…Percent of consumers expect to file taxes in March. (National Retail Federation)
22…Percent of consumers expect to file taxes in April. (National Retail Federation)
62…Percent of consumers expect a tax refund. (National Retail Federation)
32…Percent of consumers expecting a refund plan to put it toward paying down debt. (National Retail Federation)
54…Percent of consumers expecting a refund plan to put it toward their savings. (National Retail Federation)
27…Percent of Americans filed taxes with free tax software this year. (Offers)
20…Percent of Americans filed taxes with an in-person professional this year. (Offers)
7…Percent of Americans filed taxes through virtual appointments with a professional this year. (Offers)
18…Percent of Americans were willing to pay more than $100 to file their taxes. (Offers)
21…Percent of Americans cited fear of missing deductions/credits or paying too much as their biggest tax concern. (Offers)
61…Percent of Americans took the standard deduction this year. (Offers)
21…Percent of Americans are willing to give up coffee and caffeine to get out of paying taxes. (Offers)
19…Percent of Americans are willing to give up sugar to get out of paying taxes. (Offers)
13…Percent of Americans are willing to show their boss their browser history to get out of paying taxes. (Offers)
47…Percent of Americans expect their taxes to go up in the next four years. (Nationwide)
42…Percent of American retirees say they didn’t consider how their retirement income would be affected by taxes. (Nationwide)
36…Percent of American retirees are terrified of what tax rates will do to their retirement income. (Nationwide)
42…Percent of Americans say the pandemic has made filing taxes more complicated. (Nationwide)
